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SỨC KHỎEMAY MẮN & THÀNH CÔNG
HỌC HÀNHTRÍ NÃO
DỰ ĐOÁNMÊ TÍN
XÁC SUẤTANH HÙNG & TỘI ĐỒ
DỮ LIỆUTRÒ ĐÙA CỦA NGẪU NHIÊN
AUTODIDACTTHIÊN NGA ĐEN
R. Feynman, C. MungerKHẢ NĂNG CẢI THIỆN NGHỊCH CẢNH

If you have only a little capital and are young today, there are fewer opportunities than when I was young. It’s tougher for you, but that doesn’t mean you won’t do well —it just may take more time. But what the heck, you may live longer.

Those who keep learning, will keep rising in life.

My children laugh at me. They think I’m a book with a couple of legs sticking out.

Live within your income and save so that you can invest. Learn what you need to learn.

Benjamin Franklin was able to make the contribution he did because he had [financial] freedom.

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.

It’s not possible for investors to consistently outperform the market. Therefore you’re best served investing in a diversified portfolio of low-cost index funds [or exchange-traded funds].

It takes character to sit with all that cash and to do nothing. I didn’t get to be where I am by going after mediocre opportunities.

There is no better teacher than history in determining the future… There are answers worth billions of dollars in 30$ history book.

Success means being very patient, but aggressive when it’s time.

I have nothing to add.

There is no way you can live an adequate life without making many mistakes.

Ability will get you to the top, but it takes character to keep you there. Abraham Lincoln

Remember that reputation and integrity are your most valuable assets—and can be lost in a heartbeat.

You’d be amazed at how much Warren reads–and at how much I read

Trickery and treachery are the practices of fools that have not the wits enough to be honest. – Benjamin Franklin

Always take the high road, it’s far less crowded.

You need a different checklist and different mental models for different companies. I can never make it easy by saying, ‘Here are three things.’ You have to derive it yourself to ingrain it in your head for the rest of your life.

I constantly see people rise in life who are not the smartest, sometimes not even the most diligent, but they are learning machines.

The game is to keep learning.

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

Nobody cares about an excuse.

You don’t have to be brilliant, only a little bit wiser than the other guys, on average, for a long time.

How to find a good spouse? -the best single way is to deserve a good spouse.

A majority of life’s errors are caused by forgetting what one is really trying to do.

Extreme patience combined with extreme decisiveness.

The iron rule of nature is: you get what you reward for. If you want ants to come, you put sugar on the floor.

No wise pilot, no matter how great his talent and experience, fails to use a checklist.

Develop into a lifelong self-learner through voracious reading; cultivate curiosity and strive to become a little wiser every day.

If you took our top fifteen decisions out, we’d have a pretty average record. It wasn’t hyperactivity, but a hell of a lot of patience.

A great business at a fair price is superior to a fair business at a great price.

I’m right, and you’re smart, and sooner or later you’ll see I’m right

Mimicking the herd invites regression to the mean (merely average performance).

We both (Charlie Munger and Warren Buffett) insist on a lot of time being available almost every day to just sit and think. That is very uncommon in American business. We read and think.

An example of a really responsible system is the system the Romans used when they built an arch. The guy who created the arch stood under it as the scaffolding was removed. It’s like packing your own parachute.

We all are learning, modifying, or destroying ideas all the time. Rapid destruction of your ideas when the time is right is one of the most valuable qualities you can acquire. You must force yourself to consider arguments on the other side.

The best armour of old age is a well spent life perfecting it.

To get what you want, you have to deserve what you want. The world is not yet a crazy enough place to reward a whole bunch of undeserving people

If you don’t keep learning, other people will pass you by.

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

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

Do the best you can do. Never tell a lie. If you say you’re going to do it, get it done. Nobody cares about an excuse.

The best thing a human being can do is to help another human being know more.

Most people are too fretful, they worry too much. Success means being very patient, but aggressive when it’s time.

I’ve been associated for many years with a man legendary for good judgement, and it never ceases to amaze me to see how much territory can be grasped if one merely masters and consistently uses all the obvious and easily learned principles.

If your new behavior gives you a little temporary unpopularity with your peer group, then to hell with them.

We have three baskets: in, out, and too tough. … We have to have a special insight, or we’ll put it in the too tough basket.

Spend each day trying to be a little wiser than you were when you woke up. Day by day, and at the end of the day-if you live long enough-like most people, you will get out of life what you deserve.

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

Like Warren, I had a considerable passion to get rich, not because I wanted Ferraris – I wanted the independence. I desperately wanted it.

If something is too hard, we move on to something else. What could be simpler than that?

It’s not supposed to be easy. Anyone who finds it easy is stupid.

In my whole life, I have known no wise people (over a broad subject matter area) who didn’t read all the time — none, zero.

The game is to keep learning. You gotta like the learning process.

We don’t claim to have perfect morals, but at least we have a huge area of things that, while legal, are beneath us. We won’t do them. Currently, there’s a culture in America that says that anything that won’t send you to prison is ok.

Armed with this collection of Mungerisms, I plan to plagiarize Charlie more frequently and accurately than I have been able to in the past!

The idea of excessive diversification is madness.

Crowd folly, the tendency of humans, under some circumstances, to resemble lemmings, explains much foolish thinking of brilliant men and much foolish behavior.

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

I think records are very important. if you start early trying to have a perfect one in some simple thing like honesty, you’re well on your way to success in this world.

There are a lot of things we pass on. We have three baskets: in, out, too tough. We have to have a special insight, or we’ll put it in the ‘too tough’ basket.

We have a passion for keeping things simple.

People calculate too much and think too little.

Quickly identify mistakes and take action.

Acquire worldly wisdom and adjust your behavior accordingly. If your new behavior gives you a little temporary unpopularity with your peer group…then to hell with them.

If you tell the truth, you don’t have to remember your lies. Louis Vincenti So we try and keep it simple by telling it like it is at all time

Repetition is the heart of instruction.

Ability will get you to the top, but it takes character to keep you there.

The best investing decision I ever made was keeping my hands in my pockets for all these years and hanging on to my Berkshire position, letting those guys do it. I simply recognized they were better at it than I was.

Take one simple idea and take it seriously.

We both (Charlie Munger and Warren Buffett) insist on a lot of time being available almost every day to just sit and think. That is very uncommon in American business. We read and think.

Mimicking the herd invites regression to the mean (merely average performance).