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Quote by Charlie Munger

“Wall Street has too much wealth and political power.”

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 don't have the slightest interest in gold. I like understanding what works and what doesn't in human systems. To me that's not optional; that's a moral obligation. If you're capable of understanding the world, you have a moral obligation to become rational. And I don't see how you become rational hoarding gold. Even if it works, you're a jerk.”

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“Almost all good businesses engage in 'pain today, gain tomorrow' activities.”

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“I remember the $0.05 hamburger and a $0.40-per-hour minimum wage, so I've seen a tremendous amount of inflation in my lifetime. Did it ruin the investment climate? I think not.”

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“I think that one should recognize reality even when one doesn't like it; indeed, especially when one doesn't like it.”

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“I think that has to do with my awareness that in a sense we all have a certain measure of responsibility to those who have made it possible for us to take advantage of the opportunities.”

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“Assume life will be really tough, and then ask if you can handle it. If the answer is yes, you've won.”

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“People have always had this craving to have someone tell them the future. Long ago, kings would hire people to read sheep guts. There's always been a market for people who pretend to know the future. Listening to today's forecasters is just as crazy as when the king hired the guy to look at the sheep guts.”

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