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Charlie Munger Quotes: We have to have a special insight, or we'll put it in the 'too tough' basket. All of you have to look for a special area of competency and focus on that.
         

We have to have a special insight, or we'll put it in the 'too tough' basket. All of you have to look for a special area of competency and focus on that.


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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I must be cruel Only to be kind.

I must be cruel Only to be kind.



If I paint something, I don't want to have to explain what it is.

If I paint something, I don't want to have to explain what it is.



It's true that I've made mistakes, but I know I shouldn't do them again.

It's true that I've made mistakes, but I know I shouldn't do them again.



Keeping the ship on course will be the first and most difficult order of business. Everyone is going to be piloting their organization through very high waters where things can change in an instant.

Keeping the ship on course will be the first and most difficult order of business. Everyone is going to be piloting their organization through very high waters where things can change in an instant.



You got to know your limits. Once is enough, but you got to learn. A little caution never hurt anyone. A good woodsman has only one scar on him. No more, no less.

You got to know your limits. Once is enough, but you got to learn. A little caution never hurt anyone. A good woodsman has only one scar on him. No more, no less.



If stakes and garlic were the top two things that could kill a vampire, ninth grade gym was a close third.

If stakes and garlic were the top two things that could kill a vampire, ninth grade gym was a close third.



We are constantly invited to be who we are.

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At the end of the day, you know, love does not happen between two perfect people as much as we would wish.

At the end of the day, you know, love does not happen between two perfect people as much as we would wish.



A man may be ungrateful, but the human race is not so.

A man may be ungrateful, but the human race is not so.



If I come up with rules or limitations it focuses me in a direction. And those rules can change if you realize it's a dumb idea. You start to mutate it to see what fits best.

If I come up with rules or limitations it focuses me in a direction. And those rules can change if you realize it's a dumb idea. You start to mutate it to see what fits best.




Quote Description


This page presents the quote "We have to have a special insight, or we'll put it in the 'too tough' basket. All of you have to look for a special area of competency and focus on that.". Author of this quote is Charlie Munger. This quote is about insight, focus, special, tough, investing,.