The idea of excessive diversification is madness. Wide diversification, which necessarily includes investment in mediocre businesses, only guarantees ordinary results. - Charlie Munger quotes

The idea of excessive diversification is madness. Wide diversification, which necessarily includes investment in mediocre businesses, only guarantees ordinary results.

Author: Charlie Munger

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Charlie Munger Quotes - Our biggest mistakes, were things we didn't do, companies we didn't buy.

Our biggest mistakes, were things we didn't do, companies we didn't buy.

Author: Charlie Munger

Charlie Munger Quotes - We're the tortoise that has outrun the hare because it chose the easy predictions.

We're the tortoise that has outrun the hare because it chose the easy predictions.

Author: Charlie Munger

Charlie Munger Quotes - It's not a competency if you don't know the edge of it.

It's not a competency if you don't know the edge of it.

Author: Charlie Munger

Charlie Munger Quotes - If you get into the mental habit of relating what you're reading to the basic structure of the underlying ideas being demonstrated, you gradually accumulate some wisdom.

If you get into the mental habit of relating what you're reading to the basic structure of the underlying ideas being demonstrated, you gradually accumulate some wisdom.

Author: Charlie Munger

Charlie Munger Quotes - Step by step you get ahead, but rarely in fast spurts.

Step by step you get ahead, but rarely in fast spurts.

Author: Charlie Munger

Charlie Munger Quotes - If you always tell people why, they'll understand it better, they'll consider it more important, and they'll be more likely to comply.

If you always tell people why, they'll understand it better, they'll consider it more important, and they'll be more likely to comply.

Author: Charlie Munger

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