"Investor Charlie Munger once noted that the world isn't driven by greed; it's driven by envy."
Morgan Housel, American author
Source: Morgan Housel. Same as Ever: A Guide to What Never Changes. New York: Portfolio/Penguin, 2023; p. 26.
via: Sketchbook M 13, 2024, p. 4.
"The first rule of a happy life is low expectations. If you have unrealistic expectations you're going to be miserable your whole life. You want to have reasonable expectations and take life's results, good and bad, as they happen with a certain amount of stoicism."
–– Charlie Munger (1924-2023), American philanthropist, investor, and businessman
Source: Morgan Housel. Same as Ever: A Guide to What Never Changes. New York: Portfolio/Penguin, 2023; p. 34.
via: Sketchbook M 13, 2024, p. 4.
"The safest way to try to get what you want is to try and deserve what you want."
–– Charlie Munger (1924-2023), American philanthropist, investor, and businessman
Source: Ian McGugan. "Five investing lessons from the billionaire investor Charlie Munger. The Globe and Mail. Saturday December 2, 2023; p. B10.
"A lot of success in life and business comes from knowing what you want to avoid."
–– Charlie Munger (1924-2023), American philanthropist, investor, and businessman
Source: Ian McGugan. "Five investing lessons from the billionaire investor Charlie Munger. The Globe and Mail. Saturday December 2, 2023; p. B10.
Advice about how to achieve success: "You spend less than you earn, invest shrewdly and avoid toxic people and toxic activities, and try to keep learning all your life."
–– Charlie Munger (1924-2023), American philanthropist, investor, and businessman
Source: Ian McGugan. "Five investing lessons from the billionaire investor Charlie Munger. The Globe and Mail. Saturday December 2, 2023; p. B10.
