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Quote by Charlie Munger

“Just keep your head down and do your best.”

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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“The beauty of a financial institution is that there are a lot of ways to go to hell in a bucket. You can push credit too far, do a dumb acquisition, leverage yourself excessively - it's not just derivatives [that can bring about your downfall].”

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“Most people will see declining returns [due to inflation]. One of the great defenses if you're worried about inflation is not to have a lot of silly needs in your life - you don't need a lot of material goods.”

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“Details create success.”

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“Value is a relative concept: the value of each action is determined by comparing it with other possible actions.”

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“The greatest folly is to accept expert statements uncritically. At the very least, we should always seek another opinion.”

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