Charlie Munger

Being rational is a moral imperative. You should never be stupider than you need to be.

Charlie Munger

The way to get rich is to keep $10 million in your checking account in case a good deal comes along.

Charlie Munger

It’s waiting that helps you as an investor, and a lot of people just can’t stand to wait.

Charlie Munger

View a stock as an ownership of the business and judge the staying quality of the business in terms of its competitive advantage.”

You have to be very patient, you have to wait until something comes along, which, at the price you’re paying, is easy. That’s contrary to human nature, just to sit there all day long doing nothing, waiting. It’s easy for us, we have a lot of other things to do. […]

Edge

I have read hundreds of books and studied the market and many traders since 1900. I collected, verified, and tested valuable info one at a time. Still, I lost a significant amount of money over 7 years. Devastated. None of that worked well…but one theory.

Once upon a time, there was a spectacular trader, who predicted the exact time and price in the market, wrote a book and left a message. "the valuable secret, too valuable to spread broadcast, clothed in veiled language". You shall seek the secrets.