Warren Buffet: "I can end the deficit in five minutes. You juts pass a law that says that anytime there is a deficit of more than 3% of GDP, all sitting members of Congress are ineligible for reelection."

Charlie Munger: “If you want a formula, you should go back to graduate school. They will give you lots of formulas that won't work.” 😂 “When Costco was selling at about 12 to 13x earnings, I thought that was a ridiculously low value…but I can't reduce that to a formula for

Charlie Munger: “You climb as [high] as you can by just advancing one inch at a time. That's the secret of life.” “There is no more guaranteed way to make people hate you than to fail them in their reasonable expectations.”

The mind of humanity

As long as the dice keep rolling you’ll get your six. Keep shooting.

The cold water doesn’t get hotter while you wait to jump.

nobody coming to save you also implies no one is coming to stop you

FUN FACT: People who can’t communicate think everything is an argument. And people who lack accountability think everything is an attack.

This is funny. What if you invested in the S&P 500 every time CNBC had a "Markets in Turmoil" special? Well... your average return after one year would be 40%, with a 100% success rate.

FUCK YOUR TIRED BODY

When you say goodbye to someone but end up walking in the same direction

Putting on a white lab coat made people start acting like rigorous scientific thinkers, so much so they even made fewer errors on a test that measured sustained attention... But when people were told the coat was for painting houses, putting it on did not improve their test

.David Senra says Charlie Munger told him, "Most people are rat poison."⁣ ⁣ "Charlie had no filter."⁣ ⁣ “He goes, ‘If you surround yourself with high-quality people, and you get in a good business and stay there, that avoids most of the problems you’re going to have in

5 things worth protecting: 1. Your sleep 2. Your circle 3. Your word 4. Your attention 5. Your calendar Give any of these away cheap and you'll feel it.

Don’t take advice on winning from people who aren’t winning. Which is most people.

🇺🇸 WARREN BUFFETT: "I can end the U.S. deficit problem in 5 minutes." "Just pass a law that any time there's a deficit of more than 3% of GDP, all members of Congress are ineligible for re-election."

a man who waits for the perfect shot will die with a full mag

This is one of my favorite Warren Buffett clips, one how the 2008 Great Financial Crisis happened… Buffett: “Well, people always should know better. I mean, people... they don’t get smarter about things that get as basic as greed. You can’t stand to see your neighbor getting

Warren Buffett: "[Gambling] is a tax on stupidity." "Rich people love [legalized gambling] because they don't have to pay. To the extent that states raise money from people who the dollar really means something to them, it actually relieves the taxes on me or other rich people.

Kevin O’Leary reveals Jeff Bezos doesn’t make decisions after 1 PM "Bezos will not make a decision after one in the afternoon because he felt that the noise was too high. The signal for him was in the morning hours" "This is a crucial aspect of success that I now understand