A Quote by Charlie Munger

We look for a horse with one chance in two of winning and which pays you three to one.

Charlie Munger

Quote Topics

Chance Horse Look One Chance Pays Three Two Which Winning

Quote Author

Charlie Munger
American - Businessman
Born: January 1, 1924

To us, investing is the equivalent of going out and betting against the pari-mutuel system. We look for a horse with one chance in two of winning, and that pays three to one. In other words, we're looking for a mispriced gamble. That's what investing is, and you have to know enough to know whether the gamble is mispriced.

Charlie Munger

We gallop through our lives like circus performers balancing on two speeding side-by-side horses--one foot is on the horse called "fate," the other on the horse called "free will." And the question you have to ask every day is--which horse is which? Which horse do I need to stop worrying about because it's not under my control, and which do I need to steer with concentrated effort?

Elizabeth Gilbert

It's usually the exact same three things which are, the Scripts, the Director and the Role those are the three things I look for and really any two of them, If I get two of them that's usually enough, but definitely those are the things I look for.

Matt Damon

Satan promises the best, but pays with the worst; he promises honor, and pays with disgrace; he promises pleasure, and pays with pain; he promises profit, and pays with loss, he promises life, and pays with death. But God pays as he promises; all his payments are made in pure gold.

Thomas Brooks

Top Trumps appeared to be a game in which you got cards, and the cards had a picture (in this case, of a horse), and told you all kinds of stats for that horse, how fast it was, how big it was, etc. Whoever had the better horse won both the cards. You repeated this until someone had all the cards. So, basically it was exactly like high school, except it only took three minutes. Which was really a bit more humane, if you thought about it.

Maureen Johnson

There is something utterly nauseating about a system of society which pays a harlot 25 times as much as it pays its prime minister, 250 times as much as it pays its members of Parliament and 500 times as much as it pays some of its ministers of religion.

Harold Wilson

He’s sort of a homeless horse,” I said. “I’m leaving for the airport in two seconds, and I won’t be back for a couple days. You can put the horse in the garage, but I don’t want that horse in my apartment.” “Who would put a horse in an apartment? That’s dumb.” “Where’s the horse staying now?” “My apartment.” “I can always count on you to brighten my day,” Ranger said. And he disconnected.

Janet Evanovich

Natural Giving: Anything we do in life which is not out of that energy, we pay for and everybody else pays for. Anything we do to avoid punishment, everybody pays for. Everything we do for a reward, everybody pays for. Everything we do to make people like us, everybody pays for. Everything we do out of guilt, shame, duty, or obligation, everybody pays for.

Marshall B. Rosenberg

The businessman only wants two things said about his company-what he pays his public relations people to say and what he pays his advertising people to say. He doesn't like anybody ever to look above, beyond or over that.

Don Hewitt

I don't mind when my horse is left at the post. I don't mind when my horse comes up to me in the stands and asks, "Which way do I go?" But when the horse I bet on is at the $2 window betting on another horse in the same race...

Henny Youngman

I am disappointed when I don't win, because I want to believe I can win on every horse I ride, which is a ridiculous thing to think. Even if I'm on a horse that I have woken up thinking has no chance, by the time I've reached the course, I'll have convinced myself that it can win and will be disappointed if it doesn't.

Tony McCoy

According to the celestial multiplication table, once one is three, and three times one is one, and according to heavenly subtraction if we take two from three, three are left. The addition is equally peculiar, if we add two to one we have but one. Each one is equal to himself and the other two.

Robert Green Ingersoll

I think it's just telling myself, All you have to do is make one save and you're giving your team a chance. If you make two saves, your team has a very good chance of winning.'

Stephanie Labbe

Splendid cheeses they were, ripe and mellow, and with a two hundred horse-power scent about them that might have been warranted to carry three miles, and knock a man over at two hundred yards.