Quotessence
Home / Quotes / Quote by Charlie Munger

Quote by Charlie Munger

“And maybe the cereal makers by and large have learned to be less crazy about fighting for market share-because if you get even one person who's hell-bent on gaining market share.... For example, if I were Kellogg and I decided that I had to have 60% of the market, I think I could take most of the profit out of cereals. I'd ruin Kellogg in the process. But I think I could do it.”

Quote by Charlie Munger

Create image

Author

Charlie Munger
Charlie Munger

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

“Obviously, consideration of costs is key, including opportunity costs. Of course capital isn't free. It's easy to figure out your cost of borrowing, but theorists went bonkers on the cost of equity capital. They say that if you're generating a 100% return on capital, then you shouldn't invest in something that generates an 80% return on capital. It's crazy.”

IfsCoursesOpportunityEasyCrazyFiguresKeysReturnCostIncludingConsiderationEquityBorrowingTheoristsOpportunity Cost
Author:Charlie Munger
Create image

“'Crowd folly', the tendency of humans, under some circumstances, to resemble lemmings, explains much foolish thinking of brilliant men and much foolish behavior - like investment management practices of many foundations represented here today. It is sad that today each institutional investor apparently fears most of all that its investment practices will be different from practices of the rest of the crowd.”

ThinkingMenHumansDifferentTodayPracticeCircumstancesBehaviorManagementFoundationInvestmentCrowdsBrilliantFoolishTendenciesFollyInvestorsLemmingsInvestment Management
Author:Charlie Munger
Create image