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Three rules for a career: 1) Don’t sell anything you wouldn’t buy yourself 2) Don’t work for anyone you don’t respect and admire and 3) Work only with people you enjoy.

Charlie Munger

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Charlie Munger
Age: 100
Born: 1924
Born: January 1
Business Person
Financier
Investor
Lawyer
Omaha
Nebraska
Charlie Thomas Munger
Charles T. Munger
Charles Thomas Munger
Enjoy
Sells
Three
Admire
Anything
Rules
Work
Career
People
Careers
Wouldn
Respect
Anyone
Sell

More quotes by Charlie Munger

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I think corporate managers should learn to be better investors because it would make them better managers.
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The liabilities are always 100 percent good. It's the assets you have to worry about.
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If you get into the mental habit of relating what you're reading to the basic structure of the underlying ideas being demonstrated, you gradually accumulate some wisdom.
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There has never been a master plan. Anyone who wanted to do it, we fired because it takes on a life of its own and doesn't cover new reality. We want people taking into account new information.
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This is a good life lesson: getting the right people into your system is the most important thing you can do.
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Investing is where you find a few great companies and then sit on your ass.
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In my life there are not that many questions I can't properly deal with using my $40 adding machine and dog-eared compound interest table.
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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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I would argue that a majority of the horrors we face would not have happened if the accounting profession developed and enforced better accounting.
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If only I had the influence with my wife and children that I have in some other quarters!
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We don't have any miraculous way of avoiding taxes at Wesco and Berkshire.
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The investment game is getting more and more competitive.
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The old culture had come out of poverty, out of English customs.
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It is an unfortunate fact that great and foolish excess can come into prices of common stocks in the aggregate. They are valued partly like bonds, based on roughly rational projections of use value in producing future cash. But they are also valued partly like Rembrandt paintings, purchased mostly because their prices have gone up, so far.
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If the value of a company doesn't just scream out at you, it's too close.
Charlie Munger
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Missing out on some opportunity never bothers us. What's wrong with someone getting a little richer than you? It's crazy to worry about this.
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We have to have a special insight, or we'll put it in the 'too tough' basket. All of you have to look for a special area of competency and focus on that.
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The best thing a human being can do is to help another human being know more.
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Whenever you think something or some person is ruining your life, it's you. A victimization mentality is so debilitating.
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Sears had layers and layers of people it didn't need. It was very bureaucratic. It was slow to think. And there was an established way of thinking. If you poked your head up with a new thought, the system kind of turned against you. It was everything in the way of a dysfunctional big bureaucracy that you would expect.
Charlie Munger