Home / Quotes / Quote by Charlie Munger

Quote by Charlie Munger

“I think that, every time you saw the word EBITDA, you should substitute the word "bullshit" earnings.”

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

You May Also Like

“The first time I saw my wife, Marjorie, I was doing stand-up in Memphis, and she was sitting in the front row. Afterward, I walked up and said, "Ma'am, I'm going to marry you one day". And 15 years later, I did.”

Years Firsts Said Success Faith Saws Wife Relationship Fronts One Day Sitting First Time My Wife Memphis

Author:Steve Harvey

“Warren spends 70 hours a week thinking about investing .”

Thinking Hours Week Investing

Author:Charlie Munger

“We have to have a special insight, or we'll put it in the 'too tough' basket. All of you have to look for a special area of competency and focus on that.”

Looks Focus Special Tough Areas Investing Insight Baskets Competencies

Author:Charlie Munger

“Suppose you were a real estate investor with a 1/3 interest in the best apartment complex in town, the best mall, and the best office building. Would you feel like a poor, undiversified investor? No! But as soon as you get into stocks, people feel this way. Partly, people need to justify their fees.”

People Way Needs Feels Real Interest Poor Building Office Towns Complexes Investing Justify Investors Apartment Estates Malls Fees Office Buildings

Author:Charlie Munger

“The trick is to take risks and be paid for taking those risks, but to take a diversified basket of risks in a portfolio.”

Risk Paid Investing Tricks Baskets Portfolios

Author:Jeffrey Gundlach

“You don't get rewarded for taking risk; you get rewarded for buying cheap assets. And if the assets you bought got pushed up in price simply because they were risky, then you are not going to be rewarded for taking a risk; you are going to be punished for it.”

Ifs Risk Investing Buying Assets Taking Risks

Author:Jeremy Grantham

“I tried to follow Ben Graham's ideas.”

Ideas Values Investing

Author:Walter Schloss

“We do not spend a great deal of time talking to management.”

Values Deals Talking Management Investing

Author:Walter Schloss

“I helped Ben with the third edition of Security Analysis, published in 1951.”

Values Security Thirds Investing Analysis

Author:Walter Schloss

“When you buy a depressed company it's not going to go up right after you buy it, believe me.”

Believe Values Company Investing Believe In Me

Author:Walter Schloss