Charles T. Munger · 512 pages
Rating: (3.6K votes)
“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.”
“I will protect you all the days of my life. You will be the mother of all who live and the giver of life to the seed spoken by the One -- the seed that will strike the offspring of the serpent. The One has said it, Isha...today I name you Havah, because you will live, and all who live will come from you, and you will give birth to hope.”
“Your fangs are showing, Miss Lyndon."
"Are they?" she asked, reaching up to touch her face. "I shall have to remember to retract them."
Charles burst out laughing. "You, Miss Lyndon, are a treasure."
"That's what I keep telling everyone," she said with a shrug and a wicked smile, "but no one seems to believe me.”
“How had she ended up like this, imprisoned in the role of harridan? Once upon a time, her brash manner had been a mere posture - a convenient and amusing way for an insecure teenage bride, newly arrived in America, to disguise her crippling shyness. People had actually enjoyed her vituperation back then, encouraged it and celebrated it. She had carved out a minor distinction for herself as a 'character': the cute little English girl with the chutzpah and the longshoreman's mouth. 'Get Audrey in here,' they used to cry whenever someone was being an ass. 'Audrey'll take him down a peg or two.'
But somewhere along the way, when she hadn't been paying attention, her temper had ceased to be a beguiling party at that could be switched on and off at will. It had begun to express authentic resentments: boredom with motherhood, fury at her husband's philandering, despair at the pettiness of her domestic fate. She hadn't noticed the change at first. Like an old lady who persists in wearing the Jungle Red lipstick of her glory days, she had gone on for a long time, fondly believing that the stratagems of her youth were just as appealing as they had ever been. By the time she woke up and discovered that people had taken to making faces at her behind her back - that she was no longer a sexy young woman with a charmingly short fuse but a middle-aged termagant - it was too late. Her anger had become a part of her. It was a knotted thicket in her gut, too dense to be cut down and too deeply entrenched in the loamy soil of her disappointments to be uprooted.”
“A spontaneous proposition deserves a spontaneous response."
"You gave me a spontaneous response when you said no.”
“Welcome to the closet, I thought, is it dark in here or is just me”
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