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Quote by Charlie Munger

“Early Charlie Munger is a horrible career model for the young, because not enough was delivered to civilization in return for what was wrested from capitalism. And other similar career models are even worse.”

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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“I feel that by getting rich in the way I did, I think my own example has hurt my own country.”

Thinking Way Feels Country Hurt My Own Rich Example Get Rich

Author:Charlie Munger

“Ben Franklin and Samuel Johnson, he credits their wisdom for his success. "They were both utterly brilliant men. And powerful communicators. Both have helped me all the way through life. Their lessons are easy to assimilate."”

Men Way Easy Powerful Lessons Credit Brilliant Johnson Franklin Communicators Ben Franklin

Author:Charlie Munger

“If you take sales presentations and brokers of commercial real estate and businesses... I'm 70 years old, I've never seen one I thought was even within hailing distance of objective truth.... 'incentive-caused bias,' causes this terrible abuse. And many of the people who are doing it you would be glad to have married into your family compared to what you're otherwise going to get.”

People Ifs Years Real Would Be Causes Terrible Married Abuse Distance Glad Objectives Our Family Bias Estates Incentives Presentation Brokers Objective Truth

Author:Charlie Munger

“The SEC does way more good than harm - the last thing I would do is get rid of the SEC...if accounting were thoroughly fixed, a lot of other sins would go away. We're paying a huge price for deterioration of accounting.”

Ifs Way Doe Lasts Sin Huge Harm Fixed Going Away Accounting Deterioration

Author:Charlie Munger

“See's candy company was the first high-quality business we ever bought.”

Firsts Quality Company Candy High Quality

Author:Charlie Munger

“Man is lost and is wandering in a jungle where real values have no meaning. Real values can have meaning to man only when he steps on to the spiritual path, a path where negative emotions have no use.”

“It takes almost no capital to open a new See's candy store. We're drowning in capital of our own that has almost no cost. It would be crazy to franchise stores like some capital-starved pancake house. We like owning our own stores as a matter of quality control.”

Matter Would Be House Quality Crazy Cost Stores Candy Drowning Being Crazy Pancakes Quality Control Candy Stores

Author:Charlie Munger

“It's very useful to have a good grasp of all the big ideas in hard and soft science. A, it gives perspective. B, it gives a way for you to organize and file away experience in your head, so to speak.”

Way Giving Ideas Hard Bigs Speak Perspective Organize Files Big Ideas

Author:Charlie Munger

“We like our current shareholders and don't want to entice anyone to become one. It would help current shareholders to hear our CEOs [of the Berkshireoperating subsidiaries], but we promised them they could spend 100% of their time on their business. We place no impediments on them running their businesses. Many have expressed to me how happy they are that they don't have to spend 25% of time on activities they didn't like.”

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Author:Charlie Munger

“It's dangerous to short stocks.”

Author:Charlie Munger