A Quote by Charlie Munger
Anytime anybody offers you anything with a big commission and a 200-page prospectus, don't buy it. Occasionally, you'll be wrong if you adopt "Munger's Rule." However, over a lifetime, you'll be a long way ahead - and you will miss a lot of unhappy experiences.
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The man who is unhappy will, as a rule, adopt an unhappy creed, while the man who is happy will adopt a happy creed; each may attribute his happiness or unhappiness to his beliefs, while the real causation is the other way round.
...in terms of business mistakes that I've seen over a long lifetime, I would say that trying to minimize taxes too much is one of the great standard causes of really dumb mistakes. I see terrible mistakes from people being overly motivated by tax considerations. Warren and I personally don't drill oil wells. We pay our taxes. And we've done pretty well, so far. Anytime somebody offers you a tax shelter from here on in life, my advice would be don't buy it.
The American people are beginning to see the Republicans' willingness to trample over 200 years of history, to step on the minority, to push everybody out of the way because they want 100 percent. It's rubbing the American people the wrong way. One-party rule is not good.
Given any rule, however ?fundamental? or ?necessary? for science, there are always circumstances when it is advisable not only to ignore the rule, but to adopt its opposite.
You have to resign yourself to the fact that you waste a lot of trees before you write anything you really like, and that's just the way it is. It's like learning an instrument, you've got to be prepared for hitting wrong notes occasionally, or quite a lot, cause I wrote an awful lot before I wrote anything I was really happy with. And read a lot. Reading really helps. Read anything you can get your hands on.
When one has made a decision to kill a person, even if it will be very difficult to succeed by advancing straight ahead, it will not do to think about going at it in a long roundabout way. One's heart may slacken, he may miss his chance, and by and large there will be no success. The Way of the Samurai is one of immediacy, and it is best to dash in headlong.
You are wrong if you think that you can in any way take the vision and tame it to the page. The page is jealous and tyrannical; the page is made of time and matter; the page always wins.
The only way to consistently stay ahead of the game is to adopt a long-term view and, if appropriate, with a strong contrarian spin.
What makes me sad about school is that the people who are unhappy are unhappy because they don't believe it will change. And I just want to say: 'It does! High school ends and it's over.' I will tell anyone that it's OK to be unhappy at school, make lots of mistakes and then it will be over.
You know, if you've got nine people that you've got to get a treat for - because you do have sweet food, even if you're poor - you can't go out and buy a Sara Lee cake. You buy the big bag of cookies, those chocolate and vanilla ones with the icing. That has a lot of trans fat in it, but it goes a long way with a lot of people.
In all honesty, I never actually did anything wrong (in my eyes, at least) at school or misbehaved in any big way. If it was anything, it was probably just a lot of clowning around.
You can't lose the game. You can't go wrong. It's not part of the plan. There is no way not to get where you are going. There's no way to miss your destination. If God is your target, you're in luck, because God is so big, you can't miss.
I refuse to buy from anybody anything however nice or beautiful if it interferes with my growth or injures those whom Nature has made my first care.
Those who feel they are clean, go ahead and throw the first rock. If you're clean, if you have not done anything wrong or been accused of anything wrong, go ahead and start the show.
The [Five Second Rule] has many variations, including The Three Second Rule, The Seven Second Rule, and the extremely handy and versatile The However Long It Takes Me to Pick Up This Food Rule.
This was the point of our lives when we found pills, uppers. That's the only way we could continue playing for so long. They were called Preludin, and you could buy them over the counter. We never thought we were doing anything wrong, but we'd get really wired and go on for days. So with beer and Preludin, that's how we survived.
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