Apr 16, 2025

7 iconic tips by Charlie Munger

Anushka Roy Choudhary

Avoid Stupidity Before Seeking Brilliance

Munger’s golden rule: don’t try to be a genius just focus on not being dumb

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Invest in What You Understand

If you can’t explain it simply, you probably shouldn’t invest in it.

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Read Constantly

Munger swore by cross-disciplinary reading to sharpen your mind—and your edge.

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Know the Power of Incentives

Munger warned that incentives drive behavior more than logic does.

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Have a Margin of Safety

Whether it’s stocks or decisions, always leave yourself room for error.

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Be Patient. Really Patient.

Great results often come from doing nothing.

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Stay Within Your Circle of Competence

Don’t try to master everything—know what you don’t know and stay in your lane.

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