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Charlie Munger Quotes: I don't invest in what I don't understand. And I don't want to understand Facebook.
         

I don't invest in what I don't understand. And I don't want to understand Facebook.


Charlie Munger
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"Charlie Munger Quotes." Quoteslyfe.com, 2024. Tue. 05 Nov. 2024. <https://www.quoteslyfe.com/quote/I-don-t-invest-in-what-I-460985>.




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Other quotes of Charlie Munger


The best thing a human being can do is to help another human being know more.

The best thing a human being can do is to help another human being know more.



Intelligent people make decisions based on opportunity costs.

Intelligent people make decisions based on opportunity costs.



Mimicking the herd invites regression to the mean.

Mimicking the herd invites regression to the mean.



I did not succeed in life by intelligence. I succeeded because I have a long attention span.

I did not succeed in life by intelligence. I succeeded because I have a long attention span.



The big money is not in the buying and selling ... but in the waiting.

The big money is not in the buying and selling ... but in the waiting.



Great investing requires a lot of delayed gratification.

Great investing requires a lot of delayed gratification.



When you locate a bargain, you must ask, 'Why me, God? Why am I the only one who could find this bargain?'

When you locate a bargain, you must ask, 'Why me, God? Why am I the only one who could find this bargain?'



Our job is to find a few intelligent things to do, not to keep up with every damn thing in the world.

Our job is to find a few intelligent things to do, not to keep up with every damn thing in the world.



I believe in the discipline of mastering the best that other people have ever figured out. I don't believe in just sitting down and trying to dream it all up yourself. Nobody's that smart.

I believe in the discipline of mastering the best that other people have ever figured out. I don't believe in just sitting down and trying to dream it all up yourself. Nobody's that smart.



A lot of success in life and business comes from knowing what you want to avoid: early death, a bad marriage, etc.

A lot of success in life and business comes from knowing what you want to avoid: early death, a bad marriage, etc.





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Whoever that came up with the idea of people having to have 'a dream' sure knew how to keep these creatures called human beings preoccupied.

Whoever that came up with the idea of people having to have 'a dream' sure knew how to keep these creatures called human beings preoccupied.



Jack the Rabbit and Weak Knee Willie, you know they're gonna be there. Sloppy Sue and Big Bones Billy, they'll be coming up for air.

Jack the Rabbit and Weak Knee Willie, you know they're gonna be there. Sloppy Sue and Big Bones Billy, they'll be coming up for air.



It's rare to be treated like a friend you haven't met in a Hollywood meeting.

It's rare to be treated like a friend you haven't met in a Hollywood meeting.



My joy, my grief, my hope, my love, Did all within this circle move!

My joy, my grief, my hope, my love, Did all within this circle move!



It is strange how in some things honest people can be dishonest without the slightest compunction.

It is strange how in some things honest people can be dishonest without the slightest compunction.



A mad person sees what isn't there; A visionary sees what isn't there yet

A mad person sees what isn't there; A visionary sees what isn't there yet



You know I had rather be laughed at than not to be noticed at all.

You know I had rather be laughed at than not to be noticed at all.



I got very interested in people who had discovered something more significant than ... intellectual, abstract understanding.

I got very interested in people who had discovered something more significant than ... intellectual, abstract understanding.



I believe the military should be wary of diplomacy until war is declared; then the State Department should keep its nose out and let the military do whatever is necessary to win.

I believe the military should be wary of diplomacy until war is declared; then the State Department should keep its nose out and let the military do whatever is necessary to win.




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This page presents the quote "I don't invest in what I don't understand. And I don't want to understand Facebook.". Author of this quote is Charlie Munger. .