Tips by Charlie Munger

It is remarkable how much long-term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be very...
When you are evaluating any investment, you must compare it to every other available investment, including ones you may already own. Instead, many...
If you stop learning, the world rushes right by you. It's very hard to do this by merely hearing someone else talk. That's why most teaching is vivid....
Mozart was an example of a life ruined by nuttiness. He was consumed with envy and jealousy of other people who were treated better than he felt they...
It's wonderful to be trusted. Some think if we just had more compliance checks and process, virtue would be maximized. At Berkshire, we have subnormal...