Charlie Munger

"The safest way to try to get what you want is to try to deserve what you want."

"It is remarkable how much long-term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be very intelligent."

"Take a simple idea and take it seriously."

"The big money is not in the buying and selling, but in the waiting."

"You've got to have models in your head. And you've got to array your experience—both vicarious and direct—on this latticework of models."

"I never allow myself to hold an opinion on anything that I don't know the other side's argument better than they do."

"Knowing what you don't know is more useful than being brilliant."

"Show me the incentive and I will show you the outcome."

"All I want to know is where I'm going to die, so I'll never go there."

"Invert, always invert: Turn a situation or problem upside down. Look at it backward."

"To a man with only a hammer, every problem looks like a nail."

"Three things ruin people: drugs, liquor, and leverage."

"In my whole life, I have known no wise people who didn't read all the time—none, zero."

"Spend each day trying to be a little wiser than you were when you woke up."