Author Profile
Charlie Munger
1924 • American • Businessman
11
Total Quotes
Top Topics
Collected Meditations
Showing 11 quotesI will say this: I know no wise person who doesn't read a lot. I suspect that you can read on the computer now and get a lot of benefit out of it, but I doubt that it'll work as well as reading print worked for me.— Charlie Munger
topics:
Work
Economics profession, they've been - they've been confident in various formulas, but economics is not physics. The same formula that works in one decade doesn't work in the next. Economics is a difficult subject.— Charlie Munger
topics:
Work
It's a real pleasure to earn the trust of your customers slowly over time by doing what's right.— Charlie Munger
The perfect example of Darwinism is what technology has done to businesses.— Charlie Munger
topics:
Technology
Look at this generation, with all of its electronic devices and multitasking. I will confidently predict less success than Warren, who just focused on reading.— Charlie Munger
topics:
Success
I'm proud to be associated with the value system at Berkshire Hathaway; I think you'll make more money in the end with good ethics than bad.— Charlie Munger
topics:
Money
I believe Costco does more for civilization than the Rockefeller Foundation. I think it's a better place. You get a bunch of very intelligent people sitting around trying to do good, I immediately get kind of suspicious and squirm in my seat.— Charlie Munger
topics:
Good
Gold is a great thing to sew into your garments if you're a Jewish family in Vienna in 1939, but I think civilized people don't buy gold, they invest in productive businesses.— Charlie Munger
When someone takes their existing business and tries to transform it into something else - they fail. In technology that is often the case. Look at Kodak: it was the dominant imaging company in the world. They did fabulously during the great depression, but then wiped out the shareholders because of technological change.— Charlie Munger