Good judgment comes from experience, and experience often comes from poor judgment.
Meaning
Mistakes teach lessons.
Best Wisdom Quotes with Meaning
Share image
Preview of the image used when this quote is shared on social networks.
About the author
(1924–2023) was an American investor, businessman, and vice chairman of Berkshire Hathaway, where he worked closely with Warren Buffett. Known for his sharp intellect and multidisciplinary thinking, Munger emphasized rational decision-making and long-term investing. He advocated for understanding multiple fields of knowledge to make better judgments, a concept he called a ‘latticework of mental models.’ His insights on psychology, economics, and business have influenced investors worldwide. Munger’s straightforward communication style and wisdom made him a respected figure in finance. His legacy continues to shape modern investment philosophy and critical thinking.
Why This Quote Matters
Readers return to Charlie Munger for lines like this because they frame Learnings without noise.
What stays after reading is this: Mistakes teach lessons. Carrying this into your week can clarify priorities without losing momentum.
How to Apply This Quote in Life
You can apply this quote in daily life by focusing on Learnings and practicing what it implies.
Anchor the idea to a place—a walk, a desk, a playlist—so memory catches. Small loops beat big promises; keep the bar low enough to show up again tomorrow.
Related quotes
-
“Business success is not about avoiding mistakes, it is about learning faster than others and adapting with discipline.”
Meaning: Learning speed determines success. -
“Experience life in all possible ways — good-bad, bitter-sweet, dark-light.”
Meaning: Life should be lived fully without avoidance. -
“Learning from failure builds a stronger foundation for success.”
Meaning: Failures provide valuable lessons for growth. -
“Failure becomes powerful when it teaches more than it hurts.”
Meaning: Learning from failure leads to growth. -
“He who learns but does not think is lost; he who thinks but does not learn is in great danger.”
Meaning: Both learning and thinking are essential for wisdom. -
“You learn more from failure than success.”
Meaning: Mistakes provide valuable lessons. -
“You learn more from losing than winning.”
Meaning: Failures provide valuable lessons. -
“If you judge people, you have no time to love them.”
Meaning: Judgment prevents compassion and connection. -
“Learning gives creativity, creativity leads to thinking, thinking provides knowledge, knowledge makes you great.”
Meaning: Continuous learning builds greatness. -
“A person who never made a mistake never tried anything new.”
Meaning: Mistakes are proof of learning and trying.