Charles Thomas Munger (born January 1, 1924) is an American businessman, lawyer, investor, and philanthropist. He is vice chairman of Berkshire Hathaway, the conglomerate controlled by Warren Buffett; in this capacity...
After all, a competing product, if it is never tried, can’t act as a reward creating a conflicting habit. Every spouse knows that. Charlie Munger
After all, a competing product, if it is never tried, can’t act as a reward creating a conflicting habit. Every spouse knows that.
The company that needs a new machine tool, and hasn’t bought it, is already paying for it. Charlie Munger
The company that needs a new machine tool, and hasn’t bought it, is already paying for it.
The best way to avoid enjoy, recognised by Aristotle, is to plainly deserve the success we get. Charlie Munger
The best way to avoid enjoy, recognised by Aristotle, is to plainly deserve the success we get.
I’ve had kids in both moderate and immoderate circumstances, and to be honest, my children that were raised when we had less money have worked harder. Charlie Munger
I’ve had kids in both moderate and immoderate circumstances, and to be honest, my children that were raised when we had less money have worked harder.
I am quite pleased with my children in terms of morality, behaviour and such. Charlie Munger
I am quite pleased with my children in terms of morality, behaviour and such.
You can be sure, that if you master the wonderful concepts, you’re going to get opportunities if you look for them. But you won’t get an unlimited number of good ideas – so when they come along, seize them. Charlie Munger
You can be sure, that if you master the wonderful concepts, you’re going to get opportunities if you look for them. But you won’t get an unlimited number of good ideas – so when they come along, seize them.
Investors can have 90% of their wealth in a single company, if it is the right company. Charlie Munger
Investors can have 90% of their wealth in a single company, if it is the right company.
I don’t think you can get to be a really good investor over a broad range without doing a massive amount of reading. I don’t think any one book will do it for you. Charlie Munger
I don’t think you can get to be a really good investor over a broad range without doing a massive amount of reading. I don’t think any one book will do it for you.
You don’t have to know everything. A few really big ideas carry most of the freight. Charlie Munger
You don’t have to know everything. A few really big ideas carry most of the freight.
People underrate the importance of a few simple big ideas – the chief lesson is that a few big ideas really work. Charlie Munger
People underrate the importance of a few simple big ideas – the chief lesson is that a few big ideas really work.
Arrangements between partners are tricky and rely on a combination of brains, judgement and trustworthiness. Charlie Munger
Arrangements between partners are tricky and rely on a combination of brains, judgement and trustworthiness.
When it was over [initial real estate investing], I had $1.4 million as the result of my real estate involvement, that was a lot of money at the time. Some was in seconds [trust deeds], and so forth, form people who bought apartments. Later the seconds we Charlie Munger
When it was over [initial real estate investing], I had $1.4 million as the result of my real estate involvement, that was a lot of money at the time. Some was in seconds [trust deeds], and so forth, form people who bought apartments. Later the seconds we