Buffett said he had met countless people in his life and had never met anyone like Munger. Munger's mind is original, never bound by any rules, and is a master with high IQ and EQ.

Do any of us have to be on top of the world? I don't think that's necessary!

-Munger

This sentence comes from a speech made by Munger at the annual meeting of Daily Journal on February 14, 2019, which was filled with laughter and golden sentences.

Smart investors have selected the most classic and most worth reading 34 sentences to review these life wisdom and investment thinking with you.

It is enough to invest and seize a few opportunities.

1，When I was very young, I knew that major opportunities, opportunities that belong to me, as long as a few, the key is to prepare yourself, when a few opportunities come, seize them.

2The key to playing the investment game well lies in a few opportunities. You can really see that one opportunity is better than other ordinary opportunities.And you know very well that you know more than others.

3，Sometimes, an opportunity is so good that it is like getting something out of the bag, and it is perfectly reasonable to buy only this opportunity.

4The way to play this game is to stay in the game all the time, keep an eye on it, and don't let it slip away when a rare opportunity arisesYou know, there are not many opportunities for every ordinary person.

5，We make money by making money when we buy it.

6Berkshire Hathaway crawled out of bad business. Fortunately, we bought it very cheaply, and although we played bad cards, we still played very well. In the end, Berkshire succeeded because we took a different path and bought a good business.

7，Buffett said well: "The problem with banking is that there are many banks and few bankers."so,If you really want to invest in a bank, you can only buy it when you are certain to win.Because over time, the business of banks will be seriously eroded by stupidity.

general knowledge

8，A company, 95-year-old chairman of the board, 89-year-old vice chairman, 80-year-old CEO with crutches to carry all the tasks, but still aims to occupy the global market, how strange, you still come all the way to attend the shareholders' meeting. what's on your mind? (laughs)

The reason for such a strange scene is that we can vaguely see it.We always strive for basic morality and sound common sense.

9，Common sense is common sense that ordinary people do not have. When we say that someone has common sense, we are actually saying that he has common sense that ordinary people do not have. People think that it is easy to have common sense, but it is actually very difficult.

10What I understand as "getting a good education" is knowing when a professor is wrong and what is right.Anyone can do what the professor says. The key is to distinguish between what the professor says, which is right and which is wrong, and this is the person who has received a good education.

11，If you figure out the problem thoroughly, the problem will be half solved.

The wisdom of solving difficult problems

12，It is very important to know the boundaries of your circle of abilities. How can it be a circle of ability if you don't even know where the boundary is? I don't have the ability, but I think I do, and I'm sure I'm going to make a big mistake.

13，You have to always compare what you can do with what others can do, and you need to always be rational, especially don't lie to yourself.

14，In dealing with great danger, my attitude is to be as far away as possible.Others, however, as long as they don't fall into it, stick it as close as possible. I think it's too close. I don't want to do that.

15，A difficult problem that I can't solve, I will draw a warning line, so that the problem can not get in at all. No matter who encounters difficult people or thorny things, there is no good way. My general principle is to stay away from it.

16，My way of life is to see through the stupidest thing and stay away. Living like this, I can't make myself a popular person, but I can take precautions against many troubles.

simple

17We can succeed not because we are good at solving problems but because we are good at staying away from problems. We're just looking for something simple to do.

18，After finding the best one, as long as it is not as good as this one, you don't have to look at it. Understand this truth, life is much simpler.

19，Wise people can wait patiently, let time go by, and realize the beauty of it. Most people are always fooling around.

20，Discipline, virtue, friendship and opportunity are all simple things to say. You really want to learn something from Charlie Munger, remember what I said, "Old Li, it's reliable." "All those traditional virtues are useful for a lifetime.

Take the right path

21，When we can make a choice, there are many people we should stay away from.

22，Buffett said a very classic saying: "follow the right path, the road is getting wider and wider." "this is true.

23，No matter how much money can buy, you can find a partner who is better than yourself. Many people inadvertently find a better partner than themselves when they are young. In fact, you don't have to try your luck, you can pursue it consciously.

24，Many people carry eye-catching labels that read "danger, danger, do not approach", while others rush forward. This is definitely a mistake with serious consequences.

25，Buffett often said: "it may not be wise to marry for money." It's definitely out of your mind to get married for money when you already have money. "A man is already rich and makes his reputation stink. It's stupid.

The secret of longevity and happiness

26，Q: what is the secret of your longevity and happiness? )

I'm not jealous. Don't complain. Don't overspend. Keep an optimistic attitude in the face of any difficulties. To the right people. Do your job.It's all simple truth, and it's all old truth. If you do it, you will benefit for the rest of your life.

27，Looking back on the past, there is always something that can be done better. It's the same for everyone. However, everyone is bound to miss the opportunity, which is doomed. I always think that if you can't change things, don't worry too much.Complaining and complaining is a taboo in life.

28，Jealousy is also taboo, and jealousy is no fun. Who gets the enjoyment in jealousy? What good is jealousy for you? There's always someone better than you. It's stupid to be jealous of others.

29，Mozart can be said to be the greatest musical genius in the history of mankind. How is his life? Mozart was resentful, unhappy and died young.

How did Mozart live like this? He did two things, both of which were enough to be in pain.

Mozart did not know how to live within his means and was profligate in money. This was the first thing. Second, he was filled with jealousy and complaints.

Some people are born better than you, of course, no matter how hard you try, there will always be someone who can achieve more than you. My mindset is "so what?" Do any of us have to be on top of the world? I don't think that's necessary!

If anyone is profligate and full of jealousy and complaint, he will live a bitter and miserable life and die early.If you want to live hard and die early, please learn from Mozart.

32，The secret of making money is to save money and live a simple life.When Buffett and I were young and broke, we both saved money and saved it for investment. Hold on for a lifetime, and end up very rich.

33，I live such a big age, live very well, there is a secret, I tell you: don't think too well of human nature.

34，There are many defects and defects in human nature. If you are dissatisfied with everything, full of grievances and grievances, you will only be counterproductive and cheat yourself, but you can't change the world.

If you destroy yourself, how can the world be worth it? It's not worth it. I would never do such a stupid thing.