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Charlie Munger Quotes: The idea of excessive diversification is madness.
         

The idea of excessive diversification is madness.


Charlie Munger
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"Charlie Munger Quotes." Quoteslyfe.com, 2024. Sun. 22 Dec. 2024. <https://www.quoteslyfe.com/quote/The-idea-of-excessive-diversification-is-madness-461011>.





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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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Plug into the anti-obvious power of the rebel. Or get those opposing minds to plug into your purpose, to solve your problem, to reimagine your process.

Plug into the anti-obvious power of the rebel. Or get those opposing minds to plug into your purpose, to solve your problem, to reimagine your process.



Those were some astounding lies, cub. And the very last one the most inspired of all. You have your father's talent for it.

Those were some astounding lies, cub. And the very last one the most inspired of all. You have your father's talent for it.



What's the point of a good job if you're dead?

What's the point of a good job if you're dead?



Bravery is about overcoming fear, not about not having it.

Bravery is about overcoming fear, not about not having it.



I just sit there and try to think of stuff that I could do that's a little different but still not step outside of who I am.

I just sit there and try to think of stuff that I could do that's a little different but still not step outside of who I am.



All I can say in my solitude is, May Heaven's rich blessing come down on every one - American, English, Turk - who will help to heal this open sore of the world.

All I can say in my solitude is, May Heaven's rich blessing come down on every one - American, English, Turk - who will help to heal this open sore of the world.



I didn't see much besides Melbourne and a quick trip down to the Twelve Apostles, but all the Aussies I encountered were good-spirited and had a fine sense of humor.

I didn't see much besides Melbourne and a quick trip down to the Twelve Apostles, but all the Aussies I encountered were good-spirited and had a fine sense of humor.



I work out four to five days a week, alternating three workouts.

I work out four to five days a week, alternating three workouts.



Prince Charles is definitely my hero; he uses his position to do only good in this world.

Prince Charles is definitely my hero; he uses his position to do only good in this world.



I like not fair terms and a villain's mind.

I like not fair terms and a villain's mind.




Quote Description


This page presents the quote "The idea of excessive diversification is madness.". Author of this quote is Charlie Munger. This quote is about madness, diversification, ideas,.