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Charlie Munger Quotes: The first chance you have to avoid a loss from a foolish loan is by refusing to make it; there is no second chance.
         

The first chance you have to avoid a loss from a foolish loan is by refusing to make it; there is no second chance.


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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Let your love for books grow, as your confidence grows too.

Let your love for books grow, as your confidence grows too.



Because an illusion is an illusion. Reality always exists despite the facade.

Because an illusion is an illusion. Reality always exists despite the facade.



The Medicare Part D prescription drug bill, which might be the most corrupt piece of legislation in history, was a huge giveaway of taxpayer funds to the big pharmaceutical companies.

The Medicare Part D prescription drug bill, which might be the most corrupt piece of legislation in history, was a huge giveaway of taxpayer funds to the big pharmaceutical companies.



If you're going to school, you should do what you enjoy.

If you're going to school, you should do what you enjoy.



I hate doctors! They'll do anything... to keep you coming to them. They'll sell their souls. What's worse, they'll sell yours, and you never know it till one day you find yourself in hell.

I hate doctors! They'll do anything... to keep you coming to them. They'll sell their souls. What's worse, they'll sell yours, and you never know it till one day you find yourself in hell.



Don't weep, insects -- Lovers, stars themselves, Must part.

Don't weep, insects -- Lovers, stars themselves, Must part.



The thing with Linux is that the developers themselves are actually customers too: that has always been an important part of Linux.

The thing with Linux is that the developers themselves are actually customers too: that has always been an important part of Linux.



Maybe my way of communicating through sign made me more in tune with my body and how it moved. Who knows? I just know when I saw a stage for the first time, I wanted to be on it.

Maybe my way of communicating through sign made me more in tune with my body and how it moved. Who knows? I just know when I saw a stage for the first time, I wanted to be on it.



The worst walls are never the ones you find in your way. The worst walls are the ones you put there .

The worst walls are never the ones you find in your way. The worst walls are the ones you put there .



Everyone has something they want, but BEAST moves together as a group.

Everyone has something they want, but BEAST moves together as a group.




Quote Description


This page presents the quote "The first chance you have to avoid a loss from a foolish loan is by refusing to make it; there is no second chance.". Author of this quote is Charlie Munger. This quote is about firsts, foolish, loan, chance, second chance, loss,.