A Quote by Charlie Munger

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.
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.
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.
DMT is a reliable method for crossing in to a dimension that human beings have debated the existence of for 50.000 years. Is there an invisible nearby world inhabited by active intelligences with which human beings can communicate? You bet. And if you don't think so, then tell me you don't think so after you've smoked 75mg DMT. Otherwise we just don't have anything to talk about.
Bet you ten bucks we make it." What are the odds? she thought, and realized with sudden, blinding clarity that she wouldn't take the other side of that bet, that only a loser would bet against them. This is really it, she thought, amazed. This is really forever. I believe in this. "Min?" he said, and she kissed him, putting all her heart into it. "No bet," she said against his mouth. "Your odds are too good." "Our odds are too good
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.
I remember when I was about 18, Sean Penn made a bet with me. He had just directed his first movie, and he's like, 'By the time you're 30, I will bet you $500 that you'll be sick of acting.' I'm still waiting to collect, because I'm not.
Stock-picking is like gambling: those who win well, seldom bet, but when they do, they bet heavily.
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.
There is nothing wrong with a big bet, if a big bet is a good bet.
Historically, religion has given people another world to live in, a world more adaptive to the human spirit. As a student of world religions, I see religion as the winnower of the wisdom of the human race. Of course, not everything about these religions is wise. Their social patterns, for example - master-slave, caste, and gender relations - have been adopted from the mores of their time. But in their view of the nature of reality, there is nothing in either modernity or postmodernity that rivals them.
If you're betting all the time, everything is just another bet. You don't even think about the money after you've made the arrangements. You're used to it.
In the beginning, I want to say something about human greatness. Some time ago, I was reading texts of Kungtse. When I read these texts, I understood something about human greatness. What I understood from his writings was: What is greatest in human beings is what makes them equal to everybody else. Everything else that deviates higher or lower from what is common to all human beings makes us less. If we know this, we can develop a deep respect for every human being.
Either Christianity is true or it's false. If you bet that it's true, and you believe in God and submit to Him, then if it IS true, you've gained God, heaven, and everything else. If it's false, you've lost nothing, but you've had a good life marked by peace and the illusion that ultimately, everything makes sense. If you bet that Christianity is not true, and it's false, you've lost nothing. But if you bet that it's false, and it turns out to be true, you've lost everything and you get to spend eternity in hell.
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?
Let me tell you what I literally told every world leader I've met with, and I've met them all: It's never, never, never been a good bet to bet against America. We have the finest fighting force in the world.
Frankly, I would never ask a supporter to bet big on me if I wouldn't bet big on myself. It wouldn't be fair.
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