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.
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Other Charlie Munger quotes:
We have a passion for keeping things simple.
The best armor of old age is a well-spent life preceding it.
A business model that relies on trickery is doomed to fail.
What's the best way to get a good spouse? The best single way is to deserve a good spouse because a good spouse is by definition not nuts.
The only way to win is to work, work, work, work, and hope to have a few insights.
A great business at a fair price is superior to a fair business at a great price.
Almost all good businesses engage in 'pain today, gain tomorrow' activities.
Great investing requires a lot of delayed gratification.
Knowing what you don't know is more useful than being brilliant.
If all you succeed in doing in life is getting rich by buying little pieces of paper, it's a failed life. Life is more than being shrewd in wealth accumulation.
