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...
Lush landscaping, that’s what sells [houses]. You spend money on trees, and you get it back triple. Charlie Munger
Lush landscaping, that’s what sells [houses]. You spend money on trees, and you get it back triple.
It’s not that much fun to buy a company that you hope liquidates at a profit just before it is destined to go broke. Charlie Munger
It’s not that much fun to buy a company that you hope liquidates at a profit just before it is destined to go broke.
I never went back to the high tech [investing] mode. I tried it once and found it to have many problems. I was like Mark Twain’s cat that, after a bad experience, never again sat on a hot stove, or on a cold stove either. Charlie Munger
I never went back to the high tech [investing] mode. I tried it once and found it to have many problems. I was like Mark Twain’s cat that, after a bad experience, never again sat on a hot stove, or on a cold stove either.
The difference between a good business and a bad business is that good businesses throw up one easy decision after another. The bad businesses throw up painful decisions time after time. Charlie Munger
The difference between a good business and a bad business is that good businesses throw up one easy decision after another. The bad businesses throw up painful decisions time after time.
There’s integrity, intelligence, experience and dedication. Charlie Munger
There’s integrity, intelligence, experience and dedication.
[About being a lawyer] There is now more money to be made from law, but less time to enjoy it. Charlie Munger
[About being a lawyer] There is now more money to be made from law, but less time to enjoy it.
If, in your thinking, you rely entirely on others, often through purchase of professional advice, whenever outside a small territory of your own, you will suffer much calamity. Charlie Munger
If, in your thinking, you rely entirely on others, often through purchase of professional advice, whenever outside a small territory of your own, you will suffer much calamity.
Do the best you can do. Never tell a lie. If you say you’re going to do it, get it done. Nobody cares about an excuse. Leave for the meeting early. Don’t be late., but if you are late, don’t bother giving people excuses. Just apologise. They’re due the ap Charlie Munger
Do the best you can do. Never tell a lie. If you say you’re going to do it, get it done. Nobody cares about an excuse. Leave for the meeting early. Don’t be late., but if you are late, don’t bother giving people excuses. Just apologise. They’re due the ap
What you have to learn is to fold early when the odds are against you or if you have a big edge, back it heavily because you don’t get a big edge often. Opportunity comes, but it doesn’t come often, so seize it when it does come. Charlie Munger
What you have to learn is to fold early when the odds are against you or if you have a big edge, back it heavily because you don’t get a big edge often. Opportunity comes, but it doesn’t come often, so seize it when it does come.
[When Charlie was 19 enlisted in the army during world war II] I said I wanted a lot of children, a house with lots of books, and enough money to have freedom. Charlie Munger
[When Charlie was 19 enlisted in the army during world war II] I said I wanted a lot of children, a house with lots of books, and enough money to have freedom.