If it is wisdom you're after, you're going to spend a lot of time on your ass reading. - Charlie Munger

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Quote of the day

You need to have one element about your outfit that is imperfect, that says you live in it and you're not letting it control you. I think men and women both need a softness about them with formal wear.

Charlie Munger

If it is wisdom you're after, you're going to spend a lot of time on your ass reading.

Ass, Investing, Reading, Spend, Time

Same Author Quotes

Show me the incentive and I will show you the outcome

Incentive, Incentives, Outcome, Outcomes, Show, Show Me

Our biggest mistakes, were things we didn't do, companies we didn't buy.

Biggest, Biggest Mistake, Companies, Company, Mistake, Things

Assume life will be really tough, and then ask if you can handle it. If the answer is yes, you've won.

Answer, Answers, Assuming, Handle, Tough, Yes

Move only when you have an advantage. It's very basic. You have to understand the odds and have the discipline to bet only when the odds are in your favor.

Advantage, Discipline, Moving, Odds, Understand

'Crowd folly', the tendency of humans, under some circumstances, to resemble lemmings, explains much foolish thinking of brilliant men and much foolish behavior - like investment management practices of many foundations represented here today. It is sad that today each institutional investor apparently fears most of all that its investment practices will be different from practices of the rest of the crowd.

Different, Men, Practice, Practices, Thinking, Under

Similar Quotes

James Madison

Every answer he [President John Adams] gives to his addressers unmasks more and more his principles and views. His language to the young men at Philadelphia is the most abominable and degrading that could fall from the lips of the first magistrate of an independent people, and particularly from a Revolutionary patriot.

Addressers, Degrading, Fall, Independent, Men, Principles

John Seabrook

The net poses a fundamental threat not only to the authority of the government, but to all authority, because it permits people to organize, think, and influence one another without any institutional supervision whatsoever.

Government, Institutional, Organize, People, Permits, Thinking

Victor Hugo

Nothing can be more depressing than to expose, naked to the light of thought, the hideous growth of argot. Indeed it is like a sort of repellent animal intended to dwell in darkness which has been dragged out of its cloaca. One seems to see a horned and living creature viciously struggling to be restored to the place where it belongs. One word is like a claw, another like a sightless and bleeding eye; and there are phrases which clutch like the pincers of a crab. And all of it is alive with the hideous vitality of things that have organized themselves amid disorganization.

Belongs, Depressing, Eye, Hideous, Pincers, Struggle

W. J. T. Mitchell

Objectivism is basically the same thing as faith-based science or for that matter faith-based foreign policy, where you start out with the assumption "We are good, they are evil," or "We know what is good and right and we know what is wrong," so all questions are settled in advance by a set of ideological prejudices.

Advance, Evil, Foreign, Matter, Prejudice

Paul Feig

Men, Thinking, Needs, Women, Softness, Outfit