Invest Like Munger @modelingmunger

Quotes by Charlie Munger (not affiliated with) | Investor | Businessman | Berkshire | Mungerisms dealmaven.io/mungertwit Think Smarter, CLICK 👉 Joined December 2021

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Invest Like Munger @modelingmunger

3 years ago

Since the launch of 🧵 time to update the profile pic. Felt cute, might delete later

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Raleigh Williams @theraleighwill

3 years ago

Every business I've started as a creative idea has failed. Every time I think "This should exist but doesn't", I've lost money. Every business I've started as an iteration of a pre-existing business that I know is doing well, has had success. I'm a horrible idea person, great emulator. It is what it is. I spend no time talking about business ideas that aren't modeled after a pre-existing business where I have a good idea of how much the business profits. (I'd be a horrible venture capitalist) Don't think you have to be the next visionary to find success, figure out your creative process and keep moving forward.

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Invest Like Munger @modelingmunger

3 years ago

The first rule of a happy life, is low expectations.

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Invest Like Munger @modelingmunger

3 years ago

@theraleighwill Crazy

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Raleigh Williams @theraleighwill

3 years ago

How I sold an escape room business for $26M:

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Invest Like Munger @modelingmunger

3 years ago

@theraleighwill Reminds me, of me

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Raleigh Williams @theraleighwill

3 years ago

In 2015 I graduated from a top 5 law school. 9 months later I quit to start an escape room business which made me $0 for the first 8 months. I lived in my in-laws basement with my wife and kid. 5 yrs later I sold the biz for $26M. Take the short term L for the long term W.

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Invest Like Munger @modelingmunger

3 years ago

@theraleighwill Reminds me, of me.

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Invest Like Munger @modelingmunger

3 years ago

@theraleighwill Still waiting for the day

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Invest Like Munger @modelingmunger

3 years ago

@theraleighwill Checking out now!

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Raleigh Williams @theraleighwill

3 years ago

There are thousands of brokerage and marketplace sites for businesses for sale. We had our team of deals scouts find the 75 best sites for cash flowing businesses broken down by category. Join the newsletter at dealmaven.io and get the list sent straight to your inbox

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Invest Like Munger @modelingmunger

3 years ago

A lot of people with high IQs are terrible investors because they’ve got terrible temperaments.

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Invest Like Munger @modelingmunger

3 years ago

Get toxic people out of your life, and "do it fast."

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Invest Like Munger @modelingmunger

3 years ago

It's the work on your desk. Do well with what you already have and more will come in.

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Invest Like Munger @modelingmunger

3 years ago

There is nothing more counterproductive than envy. Someone in the world will always be better than you. Of all the sins, envy is easily the worst, because you can't even have any fun with it. It's a total net loss.

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Invest Like Munger @modelingmunger

3 years ago

A lot of people with high IQs are terrible investors because they’ve got terrible temperaments.

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Invest Like Munger @modelingmunger

3 years ago

If you don’t get this elementary, but mildly unnatural, mathematics of elementary probability into your repertoire, then you go through a long life like a one-legged man in an ass-kicking contest.

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Invest Like Munger @modelingmunger

3 years ago

Develop into a lifelong self-learner through voracious reading; cultivate curiosity and strive to become a little wiser every day.

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Invest Like Munger @modelingmunger

3 years ago

Acquire worldly wisdom and adjust your behavior accordingly. If your new behavior gives you a little temporary unpopularity with your peer group.. then to hell with them.