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I think liberal art faculties at major universities have views that are not very sound, at least on public policy issues - they may know a lot of French however.
Charlie Munger
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Charlie Munger
Age: 100
Born: 1924
Born: January 1
Business Person
Financier
Investor
Lawyer
Omaha
Nebraska
Charlie Thomas Munger
Charles T. Munger
Charles Thomas Munger
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French
Public
Majors
Sound
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Art
University
May
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Faculties
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Policy
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Liberal
More quotes by Charlie Munger
I'm right, and you're smart, and sooner or later you'll see I'm right.
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Avoid working directly under somebody you don't admire and don't want to be like.
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Warren is one of the best learning machines on this earth. The turtles who outrun the hares are learning machines. If you stop learning in this world, the world rushes right by you.
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A lot of our respected financial institutions are just casinos in drag.
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I think the foundation at Berkshire [Buffett's stake in Berkshirewill pass to the Buffett Foundation upon his death] will be a plus because there will be a continuation of the culture. We'd still take in fine businesses run by people who love them.
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Understanding how to be a good investor makes you a better business manager and vice versa.
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You must know the big ideas in the big disciplines, and use them routinely - all of them, not just a few. Most people are trained in one model - economics, for example - and try to solve all problems in one way. You know the old saying: to the man with a hammer, the world looks like a nail. This is a dumb way of handling problems.
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I'm not entitled to have an opinion unless I can state the arguments against my position better than the people who are in opposition. I think that I am qualified to speak only when I've reached that state.
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The reason we avoid the word 'synergy' is because people generally claim more synergistic benefits than will come. Yes, it exists, but there are so many false promises.Berkshire is full of synergies - we don't avoid synergies, just claims of synergies.
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Someone will always be getting richer faster than you. This is not a tragedy.
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There is the sheer amount of Franklin's wisdom. And the talent. Franklin played four instruments. He was the nation's leading scientist and inventor, plus a leading author, statesman, and philanthropist. There has never been anyone like him.
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We try more to profit from always remembering the obvious than from grasping the esoteric.
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We have found in a long life that one competitor is frequently enough to ruin a business.
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Warren spends 70 hours a week thinking about investing .
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Develop into a lifelong self-learner through voracious reading cultivate curiosity and strive to become a little wiser every day.
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When you locate a bargain, you must ask, 'Why me, God? Why am I the only one who could find this bargain?'
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The old culture had come out of poverty, out of English customs.
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The world is getting very much more competitive.
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