Quotex

Quotex

a commonplace book
232 quotes · 96 voices · 16 themes
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Keep the main thing the main thing.

DJ Shipley · General #1
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The iron rule of nature is: You get what you're rewarded for. If you want ants to come, you put sugar on the floor.

Charlie Munger · Life and Business Principles #2
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Spend each day trying to be a little wiser than you were when you woke up. Discharge your duties faithfully and well. Systematically you get ahead, but not necessarily in fast spurts. Nevertheless, you build discipline by preparing for fast spurts. Slug it out one inch at a time, day by day. At the end of the day - if you live long enough - most people get what they deserve.

Charlie Munger · Life and Business Principles #3
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To get what you want, deserve what you want. Trust, success, and admiration are earned.

Charlie Munger · Life and Business Principles #4
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Be reliable. Unreliability can cancel out the other virtues.

Charlie Munger · Life and Business Principles #5
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Work with and under people you admire, and avoid the inverse when at all possible.

Charlie Munger · Life and Business Principles #6
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You'll be most successful where you're most intensely interested.

Charlie Munger · Life and Business Principles #7
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Learn the all-important concept of assiduity: Sit down and do it until it's done.

Charlie Munger · Life and Business Principles #8
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Write your obituary and live it backwards.

Charlie Munger · Life and Business Principles #9
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The really big opportunities in life will be very few. So when you find a lollapalooza, and you can see it, don't hang back like a timid rabbit. Step boldly and grab it. And don't do it small.

Charlie Munger · Life and Business Principles #10
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Learn the big ideas in all the disciplines. Pay no heed to sectoral boundaries. And cross-apply like crazy.

Charlie Munger · Life and Business Principles #11
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Whenever you think something or some person is ruining your life, it's you. A victimization mentality is so debilitating.

Charlie Munger · Life and Business Principles #12
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A lot of success in life and business comes from knowing what you want to avoid: early death, a bad marriage.

Charlie Munger · Life and Business Principles #13
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Go to sleep each night a little less stupid than you were when you woke up.

Charlie Munger · Life and Business Principles #14
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Never, ever, think about something else when you should be thinking about the power of incentives.

Charlie Munger · Life and Business Principles #15
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Assume life will be really tough, and then ask if you can handle it. If the answer is yes, you've won.

Charlie Munger · Life and Business Principles #16
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Do what you like and are good at. Three rules for a career: 1. Don't sell anything you wouldn't buy yourself. 2. Don't work for anyone you don't respect and admire. 3. Work only with people you enjoy.

Charlie Munger · Life and Business Principles #17
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It is remarkable how much long-term advantage people like us have gotten by trying to be consistently not stupid.

Charlie Munger · Life and Business Principles #18
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You can only truly solve your problems by removing their root causes, and to do that, you must distinguish the symptoms from the disease.

Ray Dalio · General #19
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Recognize that knowing what someone (including you) is like will tell you what you can expect from them.

Ray Dalio · General #20
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