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Charlie Munger Quotes: 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.


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.



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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I learn everyday what it means to love myself, and I'm constantly figuring out what makes me feel empowered.

I learn everyday what it means to love myself, and I'm constantly figuring out what makes me feel empowered.



The sanguine assurance that men and nations can be legislated into goodness, that pressure from without is equivalent to a moral change within, needs a strong backing of inexperience.

The sanguine assurance that men and nations can be legislated into goodness, that pressure from without is equivalent to a moral change within, needs a strong backing of inexperience.



One leader, one people, signifies one master and millions of slaves.

One leader, one people, signifies one master and millions of slaves.



Clear. Cold. Empty. Like how I feel right now. Love is strange. One minute you’re jungle fever. The next you’re Artic winter.

Clear. Cold. Empty. Like how I feel right now. Love is strange. One minute you’re jungle fever. The next you’re Artic winter.



It's the same thing now. When I go onstage the young people scream and holler as much as the older generation.

It's the same thing now. When I go onstage the young people scream and holler as much as the older generation.



The best change that comes to the world is when all parties are seeing each other as equal, and all parties have the opportunity to be transformed. That really goes back to the idea of dignity.

The best change that comes to the world is when all parties are seeing each other as equal, and all parties have the opportunity to be transformed. That really goes back to the idea of dignity.



If these two couldn't divorce why on earth would we expect them to get married?

If these two couldn't divorce why on earth would we expect them to get married?



The tracing of a child's lineage and its name with reference to the father, though it has lasted for many thousands of years, has not become any the more natural or reasonable as a result.

The tracing of a child's lineage and its name with reference to the father, though it has lasted for many thousands of years, has not become any the more natural or reasonable as a result.



During adolescence, friends bring an intimate quality of support that can't be provided by any adult.

During adolescence, friends bring an intimate quality of support that can't be provided by any adult.



I set it down as a maxim, that it is good for a man to live where he can meet his betters, intellectual and social.

I set it down as a maxim, that it is good for a man to live where he can meet his betters, intellectual and social.




Quote Description


This page presents the quote "The big money is not in the buying and selling ... but in the waiting.". Author of this quote is Charlie Munger. This quote is about selling, buying, waiting, money,.