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Charlie Munger Quotes: You're looking for a mispriced gamble. That's what investing is. And you have to know enough to know whether the gamble is mispriced. That's value investing.
         

You're looking for a mispriced gamble. That's what investing is. And you have to know enough to know whether the gamble is mispriced. That's value investing.


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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What had she have to wish for? Nothing but to grow more worthy of him whose intentions and judgment had been ever so superior to her own.

What had she have to wish for? Nothing but to grow more worthy of him whose intentions and judgment had been ever so superior to her own.



You’re my favorite person of all time, I see something more beautiful than the universe.

You’re my favorite person of all time, I see something more beautiful than the universe.




It is only when one is under extreme duress that one's true character is revealed.

It is only when one is under extreme duress that one's true character is revealed.



A simple word or phrase on a blank sheet of paper gathers momentum as I wonder at what it could mean, where it could take place, why, and what if? . . . And then, I write.

A simple word or phrase on a blank sheet of paper gathers momentum as I wonder at what it could mean, where it could take place, why, and what if? . . . And then, I write.



I don't know if Donald Trump's ever been to an actual polling place, but, you know, he doesn't even worry if what he says is true. This is just about him worried that he's losing.

I don't know if Donald Trump's ever been to an actual polling place, but, you know, he doesn't even worry if what he says is true. This is just about him worried that he's losing.



When I was born, my father was a copper miner in Butte, Montana. It was a hard-core, blue-collar situation.

When I was born, my father was a copper miner in Butte, Montana. It was a hard-core, blue-collar situation.



We are all fundamentally equal souls, and if you make a zillion dollars, you're not any better than anybody else spiritually. You're still an equal soul.

We are all fundamentally equal souls, and if you make a zillion dollars, you're not any better than anybody else spiritually. You're still an equal soul.



Art is that which comes to a man, and stands between himself and an implacable witness - the work.

Art is that which comes to a man, and stands between himself and an implacable witness - the work.



My weight is not enough and strength is not enough either, so I have to take the fight by mastery.

My weight is not enough and strength is not enough either, so I have to take the fight by mastery.




Quote Description


This page presents the quote "You're looking for a mispriced gamble. That's what investing is. And you have to know enough to know whether the gamble is mispriced. That's value investing.". Author of this quote is Charlie Munger. This quote is about gamble, investing, enough,.