Top 31+ Charlie Munger Quotes for Inspiration and Motivation

Best Charlie Munger Quotes:  Charlie Thomas Munger, an American businessman, investor, and philanthropist died Tuesday. About to be a centenarian in 2 days, the death of Munger marks the end of an era in corporate America and investing. Warren Buffet in an official statement said, "Berkshire Hathaway could not have been built to its present status without Charlie's inspiration, wisdom and participation."

Let’s take an insight into his life through some of his most famous quotes to gain wisdom and knowledge.

About Charlie Munger

Charlie Munger was born on January 1, 1924. The popular investor, and businessman, was also the longtime business partner of Warren Buffett. His achievements stem from his role as the Vice Chairman of Berkshire Hathaway, a multinational conglomerate, where his wisdom and insights have been instrumental in shaping the company's investment decisions and overall strategy.

Munger is also known for his entrepreneurial wit, passionate thinking and his call for mental models derived from various disciplines, including psychology, economics, and physics, to his problem-solving ability. His philanthropic thoughts contribute equally to the world of finance and education. 

His major chunk of success can be attributed to his rational thoughts, lifelong learning and application of his philosophical methods to tackle real-world problems. The various contributions he made to finance, investment and cognitive psychology still inspire millions of investors and intellectuals worldwide.

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Inspirational and Motivational Quotes by Charlie 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.”
• “To get what you want, you have to deserve what you want. The world is not yet a crazy enough place to reward a whole bunch of undeserving people.”
• “We both (Charlie Munger and Warren Buffett) insist on a lot of time being available almost every day to just sit and think. That is very uncommon in American business. We read and think.”
• “There is no better teacher than history in determining the future... There are answers worth billions of dollars in 30$ history book.”
• “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.”
• “We all are learning, modifying, or destroying ideas all the time. Rapid destruction of your ideas when the time is right is one of the most valuable qualities you can acquire. You must force yourself to consider arguments on the other side.”
• “Develop into a lifelong self-learner through voracious reading; cultivate curiosity and strive to become a little wiser every day.”
• “What are the secret of success?- one word answer :"rational”
• “I constantly see people rise in life who are not the smartest, sometimes not even the most diligent, but they are learning machines. They go to bed every night a little wiser than they were when they got up and boy does that help, particularly when you have a long run ahead of you.”
• “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.”

• “People calculate too much and think too little.”
• “Remember that reputation and integrity are your most valuable assets—and can be lost in a heartbeat.”
• “Go to bed smarter than when you woke up.”

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Famous Charlie Munger Quotes Images

• Envy is a really stupid sin because it’s the only one you could never possibly have any fun at. There’s a lot of pain and no fun. Why would you want to get on that trolley?
• “The iron rule of nature is: you get what you reward for. If you want ants to come, you put sugar on the floor.”
• “If something is too hard, we move on to something else. What could be simpler than that?”

• “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.”
• “If you don’t get this elementary, but mildly unnatural, mathematics of elementary probability into your repertoire, then you go through a long life like a one-legged man in an ass-kicking contest.”
• “All I want to know is where I'm going to die so I'll never go there.”
• “A lot of people with high IQs are terrible investors because they’ve got terrible temperaments. And that is why we say that having a certain kind of temperament is more important than brains. You need to keep raw irrational emotions under control. You need patience and discipline and an ability to take losses and adversity without going crazy. You need an ability to not be driven crazy by extreme success.”
• “Mimicking the herd invites regression to the mean (merely average performance).”
• “The best armour of old age is a well-spent life preceding it.”

• “I think that every time you see the word EBITDA, you should substitute the words "bullshit earnings.”
• “The great algorithm to remember in dealing with this tendency is simple: an idea or a fact is not worth more merely because it’s easily available to you.”
• “Man’s imperfect, limited-capacity brain easily drifts into working with what’s easily available to it. The brain can’t use what it can’t remember or when it’s blocked from recognizing because it’s heavily influenced by one or more psychological tendencies bearing strongly on it … the deep structure of the human mind requires that the way to full scope competency of virtually any kind is to learn it all to fluency—like it or not.”
• “It's the work on your desk. Do well with what you already have and more will come in.”
• “Opportunity cost is a huge filter in life. If you’ve got two suitors who are really eager to have you and one is way the hell better than the other, you do not have to spend much time with the other. And that’s the way we filter out buying opportunities.”

• “I’m not entitled to have an opinion unless I can state the arguments against my position better than the people who are in opposition. I think that I am qualified to speak only when I’ve reached that state.”

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Conclusion

The business pioneer Munger never received any award but his influence and achievements in the world of finance and investment have been widely recognized and celebrated by business leaders worldwide. Being the confidant of Warren Buffet, he served as the vice chairman of Berkshire Hathaway and chairman of Wesco Financial Corporation from 1984 through 2011. Also, he served as the chairman of the Daily Journal Corporation, based in Los Angeles, California, and a director of Costco Wholesale Corporation.

As per reports, Munger had an estimated net worth of $2.6 billion and was ranked as the 1182 richest person in the world by Forbes.