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Quote by Charlie Munger

“The Internet bubble circa 2000 is the most extreme in modern capitalism. In the 1930s, we had the worst depression in 600 years. Today is almost as extreme in the opposite way.”

Quote by Charlie Munger

Author

Charlie Munger, born on January 1, 1924, is a distinguished business person known for his investment philosophy and partnership with Warren Buffett at Berkshire Hathaway. He has been a significant influence in the field of finance and investing, contributing to the success of the company over the years. more

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“One of the first big bubbles, of course, was the huge and horrible South Sea Bubble in England. And the aftermath was interesting. Many of you probably don't remember what happened after the South Sea Bubble, which caused an enormous financial contraction, and a lot of pain. They banned publicly traded stock in England for decades.”

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“Sears had layers and layers of people it didn't need. It was very bureaucratic. It was slow to think. And there was an established way of thinking. If you poked your head up with a new thought, the system kind of turned against you. It was everything in the way of a dysfunctional big bureaucracy that you would expect.”

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“Where there is an absence of international political leadership, civil society should step in to fill the gap, providing the energy and vision needed to move the world in a new and better direction.”

World Should Moving Political Energy Vision Steps Needed International Absence Gaps Providing Civil Society Political Leadership

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“A lot of share-buying, not bargain-seeking, is designed to prop stock prices up. Thirty to 40 years ago, it was very profitable to look at companies that were aggressively buying their own shares. They were motivated simply to buy below what it was worth.”

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“When it gets into these spikes, with shortages and uproar and so forth, people go bananas, but that's capitalism.”

People Capitalism Bananas Shortage

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“I regard it as very unfair, but capitalism without failure is like religion without hell.”

Hell Capitalism Regard Unfair

Author:Charlie Munger

“Capitalism is a pretty brutal place.”

Capitalism Brutal

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“I call myself the assistant cult leader.”

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“At Berkshire Hathaway we do not like to compete against Chinese manufacturers.”

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“As I continued through Cicero's pages, I found much more material celebrating my way of life.”

Way Found Materials Pages Celebrate My Way

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