Charlie Munger Ass Quotations

If you buy something because it's undervalued, then you have to think about selling it when it approaches your calculation of its intrinsic value. That's hard. But if you buy a few great companies, then you can sit on your ass. That's a good thing.

Investing is where you find a few great companies and then sit on your ass.

If it is wisdom you're after, you're going to spend a lot of time on your ass reading.