Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger

In my whole life, I have known no wise people (over a broad subject matter area) who didn't read all the time -- none, zero. You'd be amazed at how much Warren reads--and at how much I read. My children laugh at me. They think I'm a book with a couple of legs sticking out.

Spend each day trying to be a little wiser than you were when you woke up. Day by day, and at the end of the day-if you live long enough-like most people, you will get out of life what you deserve.

There is no better teacher than history in determining the future... There are answers worth billions of dollars in 30$ history book.

How to find a good spouse? -the best single way is to deserve a good spouse.

Acquire worldly wisdom and adjust your behavior accordingly. If your new behavior gives you a little temporary unpopularity with your peer group…then to hell with them.

It takes character to sit with all that cash and to do nothing. I didn't get top where I am by going after mediocre opportunities.

What are the secret of success? -one word answer :"rational

The best armour of old age is a well spent life perfecting it.

In my whole life, I have known no wise people (over a board subject matter area) who didn't read all the time - none, zero. You'd be amazed how much Warren reads - and at how much I read. My children laugh at me. They think I'm a book with a couple of legs sticking out.

The best armour of old age is a well spent life preceding it.

The reason we avoid the word "synergy" is because people generally claim more synergistic benefits than will come. Yes, it exists, but there are so many false promises. Berkshire is full of synergies - we don't avoid synergies, just claims of synergies.

I think that, every time you see the word EBITDA, you should substitute the words "bullshit earnings.