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Wealth Quote of the Day by Charlie Munger: “The big money is not in the buying and the selling, but in the waiting”

The late Charlie Munger, the legendary vice chairman of Berkshire Hathaway and Warren Buffett’s indispensable partner, famously declared that “the big money is not in the buying and the selling, but in the waiting.” This single sentence serves as the cornerstone of the Berkshire empire, which currently commands a market capitalization exceeding $1 trillion.

In a 2025 financial landscape dominated by high-frequency algorithms and 24-hour trading cycles, Munger’s philosophy of "sit on your hands" investing has become the most searched wealth advice in the United States. While most investors focus on the adrenaline of the entry and exit points, Munger’s data-driven success proves that wealth is a byproduct of psychological endurance.