may-well-competitive-advantage-decent-businesses-decent-prices-fabulous

We may well have a competitive advantage buying decent businesses at decent prices. But they won't be fabulous businesses and fabulous prices. There's too much competition and money out there, with many buyout specialists.

Charlie Munger
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Charlie Munger's Popular Quotes

I don't have too much interest in teaching other people how to get rich. And that isn't because I fear the competition or anything like that - Warren…

- Charlie Munger

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

- Charlie Munger

We don't have any miraculous way of avoiding taxes at Wesco and Berkshire.

- Charlie Munger

For years I have read the morning paper and harrumphed. There's a lot to harrumph about now.

- Charlie Munger

Opportunity comes to the prepared mind.

- Charlie Munger

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 intell…

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

- Charlie Munger

Those who will not face improvements because they are changes, will face changes that are not improvements.

- Charlie Munger

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

- Charlie Munger
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