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Charlie Munger Quotes: I think I've been in the top 5% of my age cohort all my life in understanding the power of incentives, and all my life I've underestimated it.
         

I think I've been in the top 5% of my age cohort all my life in understanding the power of incentives, and all my life I've underestimated it.


Charlie Munger
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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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A gentleman can see a question from all sides without bias. The small man is biased and can see a question only from one side.

A gentleman can see a question from all sides without bias. The small man is biased and can see a question only from one side.



I have as much experience in the Congress as Jack Kennedy did when he sought the presidency.

I have as much experience in the Congress as Jack Kennedy did when he sought the presidency.



I would rather be politically dead than hypocritically immortalized.

I would rather be politically dead than hypocritically immortalized.



I don't think musicals are my thing. I'm not a big fan. Definitely have to get on the stage and do something like a straight play.

I don't think musicals are my thing. I'm not a big fan. Definitely have to get on the stage and do something like a straight play.



Children are not looking for perfect parents, but they are looking for honest parents.

Children are not looking for perfect parents, but they are looking for honest parents.



Fiorello LaGuardia saved City Center. The real man saved it, and he made this building into a performing arts venue.

Fiorello LaGuardia saved City Center. The real man saved it, and he made this building into a performing arts venue.



Most Americans don't know enough about basic economics to fill out one fortune cookie.

Most Americans don't know enough about basic economics to fill out one fortune cookie.



Let not your expenditure exceed your income.

Let not your expenditure exceed your income.



You may very well have good reasons for resentment, frustration and anger. But that doesn't mean those negative responses are good for you, or that you must choose them.

You may very well have good reasons for resentment, frustration and anger. But that doesn't mean those negative responses are good for you, or that you must choose them.



My younger daughter told me recently that when she was a child she thought the typewriter was a toy that I went into my room and closed the door and played with.

My younger daughter told me recently that when she was a child she thought the typewriter was a toy that I went into my room and closed the door and played with.




Quote Description


This page presents the quote "I think I've been in the top 5% of my age cohort all my life in understanding the power of incentives, and all my life I've underestimated it.". Author of this quote is Charlie Munger. This quote is about life, power, incentives, understanding, thinking, age, underestimated,.