A business model that relies on trickery is doomed to fail.
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Other Charlie Munger quotes:
The safest way to try to get what you want is to try to deserve what you want. It's such a simple idea. It's the golden rule. You want to deliver to the world what you would buy if you were on the other end.
Opportunity comes to the prepared mind.
I did not succeed in life by intelligence. I succeeded because I have a long attention span.
Knowing what you don't know is more useful than being brilliant.
How to find a good spouse? - the best single way is to deserve a good spouse.
I'm right, and you're smart, and sooner or later you'll see I'm right.
The safest way to get what you want is to deserve what you want.
To get what you want, you have to deserve what you want. The world is not yet a crazy enough place to reward a whole bunch of undeserving people.
If we've been a little more successful than other people, is because we always realised that the school of life was always open, and if you were not learning more you are falling behind.
A great business at a fair price is superior to a fair business at a great price.
