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Charlie Munger Quotes: Intelligent people make decisions based on opportunity costs.
         

Intelligent people make decisions based on opportunity costs.


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.



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.



In my whole life, I have known no wise people who didn't read all the time - none ... ZERO.

In my whole life, I have known no wise people who didn't read all the time - none ... ZERO.





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Enemy, " hiss the bushes all around. The rest of the Pride glided forward, surrounding Lily, Rowan, and Spike.

Enemy, " hiss the bushes all around. The rest of the Pride glided forward, surrounding Lily, Rowan, and Spike.




The smallest grain of natural honesty and benevolence has more effect on men’s conduct, than the most pompous views suggested by theological theories and systems.

The smallest grain of natural honesty and benevolence has more effect on men’s conduct, than the most pompous views suggested by theological theories and systems.




Man is fond of counting his troubles but he does not count his joys. If he counted them up as he ought to he would see that every lot has enough happiness provided for it.

Man is fond of counting his troubles but he does not count his joys. If he counted them up as he ought to he would see that every lot has enough happiness provided for it.



Your heart is your home, and all roads lead to home.

Your heart is your home, and all roads lead to home.



In painting, detail for the sake of itself is useless. It must have relevance to the whole.

In painting, detail for the sake of itself is useless. It must have relevance to the whole.



Only a pint at breakfast-time, and a pint and a half at eleven o'clock, and a quart or so at dinner. And then no more till the afternoon; and half a gallon at supper-time. No one can object to that.

Only a pint at breakfast-time, and a pint and a half at eleven o'clock, and a quart or so at dinner. And then no more till the afternoon; and half a gallon at supper-time. No one can object to that.



How anybody dresses is indicative of his self-concept. If students are dirty and ragged, it indicates they are not interested in tidying up their intellects either.

How anybody dresses is indicative of his self-concept. If students are dirty and ragged, it indicates they are not interested in tidying up their intellects either.



When you're just shagging girls, you can talk about it, but once it gets real, then you don't.

When you're just shagging girls, you can talk about it, but once it gets real, then you don't.




Quote Description


This page presents the quote "Intelligent people make decisions based on opportunity costs.". Author of this quote is Charlie Munger. This quote is about people, opportunity, intelligent,.