The big money is not in the buying and selling, but in the waiting.
Investors
Charlie Munger
Born in 1924 in Omaha, Munger was Berkshire Hathaway's vice chairman and Buffett's partner for over half a century. His mental-models framework and inversion thinking expanded value investing beyond financial analysis.
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Charlie Munger's Other Quotes
Spend each day trying to be a little wiser than you were when you woke up.
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 intelligent.
Invert, always invert.
To a man with a hammer, everything looks like a nail.
I constantly see people rise in life who are not the smartest, sometimes not even the most diligent, but they are learning machines.
Related Quotes
Our time horizon is five years. We are not focused on the next quarter.
-- Cathie Wood
Today is hard, tomorrow will be worse, but the day after tomorrow will be sunshine.
-- Jack Ma
Far more money has been lost by investors preparing for corrections, or trying to anticipate corrections, than has been lost in corrections themselves.
-- Peter Lynch
The key to making money in stocks is not to get scared out of them.
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Being too far ahead of your time is indistinguishable from being wrong.
-- Howard Marks
Patience is bitter, but its fruit is sweet.
-- Hideyo Noguchi