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Whenever you think something or some person is ruining your life, it's you. A victimization mentality is so debilitating.

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
Thinking
Debilitating
Life
Ruining
Mentality
Whenever
Persons
Person
Something
Think
Victimization

More quotes by Charlie Munger

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When you borrow a man's car, always return it with a tank of gas.
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You must value the business in order to value the stock.
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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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Any year that you don't destroy one of your best-loved ideas is probably a wasted year
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[Lawyers who file class-action securities suits] is not a group you would want to marry into your family. That said, more than half the time the people being sued by the Lerach firm are guilty of outrageous conduct. The problem is, they don't mind (suing) the other half. They are an equal opportunity litigator.
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Darwin paid particular attention to disconfirming evidence. Objectivity maintenance routines are totally required in life if you're going to be a great thinker.
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It's a finite and very competitive world. All large aggregations of capital eventually find it hell on earth to grow and thus find a lower rate of return.
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Being short and seeing a promoter take the stock up is very irritating. It's not worth it to have that much irritation in your life.
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If you can get good at destroying your own wrong ideas, that is a great gift.
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Failure to handle psychological denial is a common way for people to go broke: you have made an enormous commitment to something. You have poured effort and money in. And the more you put in, the more that the whole consistency principle makes you think, Now it has to work. If I put in just a little more, then it will work.
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There's more honor in investment management than in investment banking.
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Early Charlie Munger is a horrible career model for the young, because not enough was delivered to civilization in return for what was wrested from capitalism. And other similar career models are even worse.
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It's stupid the way people extrapolate the past -- and not slightly stupid, but massively stupid.
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For years I have read the morning paper and harrumphed. There's a lot to harrumph about now.
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The ethos of not fooling yourself is one of the best you could possibly have. It's powerful because it's so rare.
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A Lesson on Elementary, Worldly Wisdom As It Relates To Investment Management & Business
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A few public hangings will really change behavior. One of our Presidents said if he could execute three people each year for no cause, it would make it a lot easier to govern. When someone said that's not enough, he said, Oh yes it is, because I'd publish the list of people under consideration.
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Just avoid things like racing trains to the crossing, doing cocaine, etc. Develop good mental habits.
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Hard work, honesty, if you keep at it, will get you almost anything.
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I think that one should recognize reality even when one doesn't like it indeed, especially when one doesn't like it.
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