Scribner, BloombergCharles Munger is pretty plain-spoken.The wit and wisdom of Charlie Munger, the vice chairman of Berkshire Hathaway, is legendary in the investment world. Here are five of my favorite Mungerisms and what I learned from them:‘The desire to get rich fast is pretty dangerous.’Early in my life, Munger taught me that trying to get rich fast is dangerous. One has to gamble on the short-term price swings of some stock, derivatives contract, the Dow Jones Industrial Average DJIA, +0.08% the S&P 500 index SPX, +0.10% or other asset. A huge number of people are trying to do the same thing, many of them who are much better informed than I am, and the short-term price movement of any stock or derivative contract is subject to all kinds of wild price gyrations due to events that have nothing to do with the actual long-term value of the underlying business. And last, but not least, there is the problem of leverage — to get rich quickly one often has to use leverage/debt to amplify small price swings into really huge gains. If things go against us, can also turn into really large loses.via