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Charlie Munger Quotes: There is bound to be a regression toward the mean.
         

There is bound to be a regression toward the mean.


Charlie Munger
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"Charlie Munger Quotes." Quoteslyfe.com, 2024. Fri. 22 Nov. 2024. <https://www.quoteslyfe.com/quote/There-is-bound-to-be-a-regression-460827>.





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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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Any general statement is like a cheque drawn on a bank. Its value depends on what is there to meet it.

Any general statement is like a cheque drawn on a bank. Its value depends on what is there to meet it.



I call the notion that we are nothing but killer apes the Beethoven fallacy. Beethoven was disorganized and messy, and yet his music is the epitome of order.

I call the notion that we are nothing but killer apes the Beethoven fallacy. Beethoven was disorganized and messy, and yet his music is the epitome of order.



If you've not been loved as a child, you don't know how to love a child.

If you've not been loved as a child, you don't know how to love a child.



The thriller genre in general, it's total foreign ground for me.

The thriller genre in general, it's total foreign ground for me.



Beauty without intelligence is like a hook without bait.

Beauty without intelligence is like a hook without bait.



I have one life. I am a certain age. I'm married to one person. I have a certain number of children. I won't have another life other than that, but I do have many lives through the films.

I have one life. I am a certain age. I'm married to one person. I have a certain number of children. I won't have another life other than that, but I do have many lives through the films.



I'm glad a genre writer has got a knighthood, but stunned that it was me.

I'm glad a genre writer has got a knighthood, but stunned that it was me.



He said 'I'm going to chop off the bottom of one of your trouser legs and put it in a library. I thought, "That's a turn-up for the books".

He said 'I'm going to chop off the bottom of one of your trouser legs and put it in a library. I thought, "That's a turn-up for the books".



Growth hurts because change isn't easy, that's why they call it growing pains

Growth hurts because change isn't easy, that's why they call it growing pains



When I was younger, I used to visualise myself scoring wonder goals, stuff like that.

When I was younger, I used to visualise myself scoring wonder goals, stuff like that.




Quote Description


This page presents the quote "There is bound to be a regression toward the mean.". Author of this quote is Charlie Munger. This quote is about regression, mean, bounds,.