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You must force yourself to consider opposing arguments. Especially when they challenge your best loved ideas.

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
Force
Opposing
Best
Arguments
Ideas
Challenge
Must
Consider
Argument
Especially
Loved
Challenges

More quotes by Charlie Munger

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Cicero's words also increased my personal satisfaction by supporting my long-standing rejection of a conventional point of view.
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When you locate a bargain, you must ask, 'Why me, God? Why am I the only one who could find this bargain?'
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Kellogg's and Campbell's moats have also shrunk due to the increased buying power of supermarkets and companies like Wal-Mart. The muscle power of Wal-Mart and Costco has increased dramatically.
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Any year that you don't destroy one of your best-loved ideas is probably a wasted year
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You could argue that [the decline of public schools] is one of the major disasters in our lifetimes. We took one of the greatest successes in the history of the earth and turned it into one of the greatest disasters in the history of the earth.
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Warren is one of the best learning machines on this earth. The turtles who outrun the hares are learning machines. If you stop learning in this world, the world rushes right by you.
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I'm a bull on Berkshire Hathaway. There may be some considerable waiting, but I think there are some good days ahead.
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I don't invest in what I don't understand. And I don't want to understand Facebook.
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If mutual fund directors are independent, then I'm the lead character in the Bolshoi Ballet.
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We have a history when things are really horrible of wading in when no one else will.
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Just keep your head down and do your best.
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If all you succeed in doing in life is getting rich by buying little pieces of paper, it's a failed life. Life is more than being shrewd in wealth accumulation.
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We tend to buy things - a lot of things - where we don't know exactly what will happen, but the outcome will be decent.
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You must value the business in order to value the stock.
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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.
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If we've been a little more successful than other people, is because we always realised that the school of life was always open, and if you were not learning more you are falling behind.
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I never allow myself to have an opinion on anything that I don't know the other side's argument better than they do.
Charlie Munger
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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.
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Understanding how to be a good investor makes you a better business manager and vice versa.
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Warren spends 70 hours a week thinking about investing .
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