The entrepreneur of the day

Charlie Munger. He is the vice-chairman of Berkshire Hathaway and is Warren Buffett’s business partner. Charlie Munger has a net worth of $2.2 BILLION dollars.

Below are the top Charlie Munger quotes for entrepreneurs.

1. I would argue that passion is more important than brainpower.

2. I constantly see people rise in life who are not the smartest, sometimes not even the most diligent, but they are learning machines. They go to bed every night a little wiser than they were when they got up and boy does that help, particularly when you have a long run ahead of you.

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

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

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

6. In my whole life, I have known no wise people (over a broad subject matter area) who didn’t read all the time — any, zero. You’d be amazed at how much Warren reads — and at how much I read. My children laugh at me. They think I’m a book with a couple of legs sticking out.

7. You’re looking for a mispriced gamble. That’s what investing is. And you have to know enough to know whether the gamble is mispriced. That’s value investing.

8. I think that a life properly lived is just learning and learning all the time.

9. Don’t sell anything you wouldn’t buy yourself.

10. The best armor of old age is a well-spent life perfecting it.

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

We hope you enjoyed these quotes.

Duka Ni Yetu

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