A Quote by Charlie Munger

Stock-picking is like gambling: those who win well, seldom bet, but when they do, they bet heavily.

Charlie Munger

Quote Topics

Bet Gambling Like Picking Seldom Stock Those Well Win

Quote Author

Charlie Munger
American - Businessman
Born: January 1, 1924

If you bet on a horse, that's gambling. If you bet you can make three spades, that's entertainment. If you bet cotton will go up three points, that's business. See the difference?

Blackie Sherrod

I bet on everything. Everything. It's just like, 'I bet you I can spin my chair longer.' Everything, I say 'I bet you.' I love to win.

Kellan Lutz

I have two basic rules about winning in trading as well as in life: 1. If you don't bet, you can't win. 2. If you lose all your chips, you can't bet.

Larry Hite

The wise ones bet heavily when the world offers them that opportunity. They bet big when they have the odds. And the rest of the time, they don't. It's just that simple.

Charlie Munger

Anytime you make a bet with the best of it, where the odds are in your favor, you have earned something on that bet, whether you actually win or lose the bet. By the same token when you make a bet with the worst of it, where the odds are not in your favor, you have lost something, whether you actually win or lose the bet.

David Sklansky

Bet you never eat, he says. Bet you drink up the oxygen like it's butter. Bet you can go for days on nothing but thoughts.

Lauren DeStefano

It's not given to human beings to have such talent that they can just know everything about everything all the time. But it is given to human beings who work hard at it - who look and sift the world for a mispriced bet - that they can occasionally find one. And the wise ones bet heavily when the world offers them that opportunity. They bet big when they have the odds. And the rest of the time they don't. It's just that simple.

Charlie Munger

A bet is a bet and I always keep my word in the bet what I do.

Enrique Iglesias

Like I've said, you've got to bet on yourself sometimes... I bet on myself and it worked.

Dion Waiters

Buying a particular vintage because everyone tips it and then waiting for it to mature is like gambling. The thrill is in placing the bet. Once the race is run or the match is played, you'll either win or lose. Until that happens, you're caught in this wonderful, agonising sense of expectation.

Kenneth Cranham

I played a lot of tough clubs in my time. Once a guy in one of those clubs wanted to bet me $10 that I was dead. I was afraid to bet.

Henny Youngman

I would have bet money that Britain would not vote to leave the EU, and I would have been wrong. I would have bet money that Trump would not have been the Republican nominee, and I would have been wrong and I certainly would have bet money that he wouldn't win the election.

Mohsin Hamid

There is nothing wrong with a big bet, if a big bet is a good bet.

Chuck Feeney

I'm not a gambling-man. I have never bet a dollar in all my life.

John Forsythe

Blackjack is very scientific. There's always a right answer and a wrong answer. Do you take a card, increase your bet, bet big or bet small. There's absolutely a right and wrong answer.