- Great
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- Nov 07, 2020
Charlie Munger Quotes
Most Famous Charlie Munger Quotes of All Time!
We have created a collection of some of the best charlie-munger quotes so you can read and share anytime with your friends and family. Share our Top 10 Charlie Munger Quotes on Facebook, Twitter, and Pinterest.
- Last Updated on May 30, 2021
- Family
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- Nov 07, 2020
Who would want one's children growing up buying things like bitcoin? I hope to God my family doesn't buy it. It's noxious poison.
- Go
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- Nov 07, 2020
A banker who is allowed to borrow money at X and loan it out at X plus Y will just go crazy and do too much of it if the civilization doesn't have rules that prevent it.
- Money
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- Nov 07, 2020
There's danger in just shoveling out money to people who say, 'My life is a little harder than it used to be.' At a certain place you've got to say to the people, 'Suck it in and cope, buddy. Suck it in and cope.'
- Good
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- Nov 07, 2020
I believe Costco does more for civilization than the Rockefeller Foundation. I think it's a better place. You get a bunch of very intelligent people sitting around trying to do good, I immediately get kind of suspicious and squirm in my seat.
- Garments
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- Nov 07, 2020
Gold is a great thing to sew into your garments if you're a Jewish family in Vienna in 1939, but I think civilized people don't buy gold, they invest in productive businesses.
- Money
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- Nov 07, 2020
I'm proud to be associated with the value system at Berkshire Hathaway; I think you'll make more money in the end with good ethics than bad.
- Political
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- Nov 07, 2020
Wall Street has too much wealth and political power.
- Game
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- Nov 07, 2020
Everyone has the idea of owning good companies. The problem is that they have high prices in relations to assets and earnings, and that takes all of the fun out of the game.
- Change
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- Nov 07, 2020
If all you needed to do is to figure out what company is better than others, everyone would make a lot of money. But that is not the case. They keep raising the prices to the point when the odds change.
- People
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- Nov 07, 2020
People are trying to be smart - all I am trying to do is not to be idiotic, but it's harder than most people think.
- Looks
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- Nov 07, 2020
I love when I think we're taking territory - if it makes sense in the long term, we just don't give a damn what it looks like in the short term. After all, we're running a cult, not a normal company.
- Matter
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- Nov 07, 2020
Wells Fargo had a glitch - the truth of the matter is they made a business judgement that was wrong. I don't think anything is fundamentally wrong.
- Future
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- Nov 07, 2020
They made a mistake. And it was an easy mistake to make. I don't regard setting incentives aggressively as a mistake. I think the mistake was, when the bad news came, they didn't recognize it directly. I don't think that impairs the future of Wells Fargo. They'll be better for it.
- Glued
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- Nov 07, 2020