# Charlie Munger

I have nothing to add.

- Show me the incentive and I will show you the outcome.

- It's not supposed to be easy. Anyone who finds it easy is stupid.

- The big money is not in the buying and the selling, but in the waiting.

- Every time you hear EBITDA, substitute it with bullshit earnings.

- I think I'll say it's rat poison squared.

- All I want to know is where I'm going to die, so I'll never go there.

- Invert, always invert.

- Envy is the only sin you can't have any fun at.

- If people weren't so often wrong, we wouldn't be so rich.

- There are worse situations than drowning in cash and sitting, sitting, sitting.

- Try to be consistently not stupid, instead of trying to be very intelligent.

- Knowing what you don't know is more useful than being brilliant.

- Spend each day trying to be a little wiser than you were when you woke up.