korrents

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The wise bet heavily when the world offers them the odds, and not the rest of the time

Drawn from what Charlie Munger said

investing
What this subject means

investing Putting money into markets on purpose: what a portfolio is for, whether active management earns its cost, and what money is actually a means to.

Probabilistic thinking

Which mental models help you think better?under our view: Think in probabilities, and bet big only when the odds are yours

What Charlie Munger actually said

  1. Charlie Munger Warren Buffett's business partner and vice chairman of Berkshire Hathaway
    And the wise ones bet heavily when the world offers them that opportunity. They bet big when they have the odds. And the rest of the time, they don’t.

Added to korrents 9 Oct 2026 · How quotes work · Something wrong? Tell us

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