TheInspired Sage
Kunming, Yunnan, China: Square with the "Running Bull" Monument in front of the Kunming Railway Station
“
What you have to learn is to fold early when the odds are against you or if you have a big edge, back it heavily because you don't get a big edge often. Opportunity comes, but it doesn't come often, so seize it when it does come.
Charlie Munger
— Charlie Munger
Investor

About this quote

Attributed to
Charlie Munger
Attribution status
As published

Photo: CEphoto, Uwe Aranas · CC BY-SA 3.0 · source · Portrait: Nick Webb (CC BY 2.0)

Reflect

Are your money decisions driven by plan or by emotion right now?

The Sage Challenge

Write down your investing rules in three sentences.

Join to journal, save & shareCreate a share image

Watch & listen

Best Advice: Warren Buffett and Charlie Munger | Fortune

Fortune Magazine·Wall Street
Featured in one of the Sage books

Warren's Wisdom - Warren Buffett

InvestigativInvestor·Wall Street
Featured in one of the Sage books

Warren Buffett, Chairman, Berkshire Hathaway Investment Group | Terry Leadership Speaker Series

Terry College of Business at the University of Georgia·Wall Street
Featured in one of the Sage books

More from Charlie Munger & related wisdom

“What you have to learn is to fold early when the odds are against you or if you have a big edge, back it heavi…” — Charlie Munger · The Inspired Sage