Charlie Munger's Quotes About Life And Markets

Transcript

00:00 On November 28th, at the age of 99, Charlie Munger, the esteemed vice chairman of Berkshire

00:05 Hathaway passed away.

00:07 In honor of Munger's profound legacy, we've gathered some of our preferred quotes from

00:11 this iconic individual.

00:13 "I think life is a whole series of opportunity costs.

00:17 You know, you got to marry the best person who is convenient to find who will have you.

00:22 Investment is much the same sort of a process.

00:25 You don't have a lot of envy.

00:26 You don't have a lot of resentment.

00:27 You don't overspend your income.

00:29 You stay cheerful in spite of your troubles.

00:31 You deal with reliable people and you do what you're supposed to do.

00:35 All these simple rules work so well to make your life better.

00:38 Number three, the world is full of foolish gamblers and they will not do as well as the

00:42 patient investors.

00:44 Number four, without the method of learning, you're like a one-legged man in an ass-kicking

00:48 contest.

00:49 It's just not going to work very well.

00:51 And number five, I think that a life properly lived is just learn, learn, learn all the