![]() ![]() “I think I've been in the top 5% of my age cohort all my life in understanding the power of incentives, and all my life I've underestimated it. “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.” Incentives While these quotes barely scratch the surface, they have become deeply embedded in the core of how I think about and conduct my own investment process. In light of all the lessons and insights I’ve taken from Charlie, choosing a list of just ten quotes from his extensive reservoir of learnings he so generously shared was not easy. ![]() I feel fortunate to have attended a few Berkshire Meetings, and had the privilege of being present to experience first hand his profound wisdom. Having spent decades studying the lessons of the world's Investment Masters, Charlie Munger's approach to both investing and life have influenced me more than any investor. Charlie Munger, one of the most iconic figures in investing over the last century, has recently left us at the age of 99.
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