Charlie Munger Quotes

If financial assets no longer work for you at a rate far and above the rate of true wealth creation, then you must work longer for your money.

We don't manage money for anyone else. We bear responsibility only for our own risks.

The social object of skilled investment should be to defeat the dark forces of time and ignorance which envelope our future.

The way to become rich is to put all your eggs in one basket and then watch that basket.

Nobody ever lost money taking a profit.

I have a million dollars in the stock market, because if I lose a million dollars, I don't personally care.

In my day job, I worry non-stop about making wise investments for long-term gains.

I don't want to be on anyone's board. I just want to have good investments.

I'm a very passive investor.

I invested, and I protected myself, so I enjoy that freedom.

I'm a wealth creator. I'm not interested in saving in the least. While I do spend a lot, I don't spend money like other billionaires. I'm probably quite unusual, albeit I do have some of the significant trappings. But I always try to make my assets work for a living.

I invest in funds myself even though I run my own fund for my daughters.

Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.

My philosophy is that if I have any money I invest it in new ventures and not have it sitting around.

It's 85 million dollars and they got to be really careful because they are going to need me.

I don't have any blindness when it comes to my money. As an actor, you can get distracted by your work. I do keep an eye on my nest egg, if you will.

Because in the New Normal you are more worried about the return of your capital, not return on your capital.

What I put in the stock market, I don't have to touch in my lifetime. I want to live off my bonds. I want to be that safe.

Put not your trust in money, but put your money in trust.

One of the great responsibilities that I have is to manage my assets wisely, so that they create value.

Investing is for wealth preservation, not wealth creation, so first you have to make wealth.

I don't want to be one of those guys that you see who made $4 million, invested $3.5 million, and now you work at Wendy's.

If you are an investor who's retired and hopes to live off the income that your portfolio is generating, then we would focus just on the dividend yield.

People are very focused on value and preservation of capital. They're a lot less risk-prone than they used to be.

I don't want to outlive my money.