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Charlie Munger Quotes: In business we often find that the winning system goes almost ridiculously far in maximizing and or minimizing one or a few variables - like the discount warehouses of Costco.
         

In business we often find that the winning system goes almost ridiculously far in maximizing and or minimizing one or a few variables - like the discount warehouses of Costco.


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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Take what you can from your dreams, make them as real as anything.

Take what you can from your dreams, make them as real as anything.



The most wonderful study of mankind is man. Relieving human suffering and diffusing universal knowledge is humanitarian.

The most wonderful study of mankind is man. Relieving human suffering and diffusing universal knowledge is humanitarian.



Age does not matter if the matter does not age.

Age does not matter if the matter does not age.



Bad people don't go to hell, they are already there.

Bad people don't go to hell, they are already there.



I Never Met A Kentuckian Who Wasn't Either Thinking About Going Home Or Actually Going Home

I Never Met A Kentuckian Who Wasn't Either Thinking About Going Home Or Actually Going Home



There is nothing [that] disarms us like laughter.

There is nothing [that] disarms us like laughter.



Modern thought has transferred the spectral character of Death to the notion of time itself. Time has become Death triumphant over all.

Modern thought has transferred the spectral character of Death to the notion of time itself. Time has become Death triumphant over all.



Whoso does not see that genuine life is a battle and a march has poorly read his origin and his destiny.

Whoso does not see that genuine life is a battle and a march has poorly read his origin and his destiny.



Sometimes I say things that I think are obviously sarcastic and people take them quite literally.

Sometimes I say things that I think are obviously sarcastic and people take them quite literally.



When we listen to the radio, look at television and read the newspapers we wonder whether universal education has been the great boon that its supporters have always claimed it would be.

When we listen to the radio, look at television and read the newspapers we wonder whether universal education has been the great boon that its supporters have always claimed it would be.




Quote Description


This page presents the quote "In business we often find that the winning system goes almost ridiculously far in maximizing and or minimizing one or a few variables - like the discount warehouses of Costco.". Author of this quote is Charlie Munger. This quote is about variables, minimizing, winning, business, costco, investing, maximizing,.