Home / Quotes / Quote by Charlie Munger

Quote by Charlie Munger

“"[Lawyers who file class-action securities suits] is not a group you would want to marry into your family. "That said, more than half the time the people being sued by the Lerach firm are guilty of outrageous conduct. The problem is, they don't mind (suing) the other half. They are an equal opportunity litigator."”

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

“Accounting incomes were reduced by discrepancy [ but] "the net amount paid by lawyers for lawyerly discrepancy is close to zippo. In this case, the goddess of justice was blind.”

Justice Cases Amount Paid Blind Lawyer Income Goddess Accounting Discrepancies

Author:Charlie Munger

“There are always people who will be better at some thing than you are.”

Author:Charlie Munger

“You have to learn to be a follower before you become a leader.”

Leader Followers

Author:Charlie Munger

“We want very good leaders who have a lot of power.”

Want Leader Very Good Good Leader

Author:Charlie Munger

“The game is to keep learning, and I don't think people are going to keep learning who don't like the learning process.”

People Thinking Games Process Learning Process Keep Learning

Author:Charlie Munger

“The name of the game is continuing to learn. Even if you're very well trained and have some natural aptitude, you still need to keep learning.”

Ifs Needs Wells Stills Games Names Natural Continuing Aptitude Keep Learning Continuing To Learn

Author:Charlie Munger

“Berkshire's past record has been almost ridiculous. If Berkshirehad used even half the leverage of, say, Rupert Murdoch, it would be five times its current size.”

Ifs Has Beens Would Be Past Used Half Records Five Size Currents Ridiculous

Author:Charlie Munger

“In the LBO field there is a buried "covariance" with marketable equities, toward disaster in generally bad business conditions, and competition is now extremely intense.”

Conditions Fields Competition Disaster Intense Buried Equity Bad Business

Author:Charlie Munger

“You have to realize the truth of biologist Julian Huxley's idea that 'Life is just one damn relatedness after another' "So you must have the models, and you must see the relatedness and the effects from the relatedness.”

Ideas Life Is Realizing Effects Models Damn Just One Biologist Huxley

Author:Charlie Munger

“Litigation is notoriously time-consuming, inefficient, costly and unpredictable.”

Unpredictable Consuming Time Consuming

Author:Charlie Munger