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We look for a horse with one chance in two of winning and which pays you three to one. | Charlie Munger quote HD Wallpaper

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We look for a horse with one chance in two of winning and which pays you three to one. | Charlie Munger quote HD Wallpaper

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We look for a horse with one chance in two of winning and which pays you three to one. (Charlie Munger)

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Move only when you have an advantage. It’s very basic. You have to understand the odds and have the discipline to bet only when the odds are in your favor. | Charlie Munger quote

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Lucy: Do you think you have Pantophobia, Charlie Brown? Charlie: I don’t know, what is pantophobia? Lucy: The fear of Everything. Charlie: THAT’S IT!!! | Charles M. Schulz quote

Why should it be easy to do something that, if done well, two or three times, will make your family rich for life? | Charlie Munger quote

The idea of excessive diversification is madness. Wide diversification, which necessarily includes investment in mediocre businesses, only guarantees ordinary results. | Charlie Munger quote

Any year that you don’t destroy one of your best-loved ideas is probably a wasted year. | Charlie Munger quote