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The cost of being a publicly traded stock has gone way, way up. It doesn't make sense for a little company to be public anymore. A lot of little companies are going private to be rid of these burdensome requirements.

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
Doesn
Companies
Littles
Anymore
Little
Private
Going
Cost
Burdensome
Way
Public
Traded
Make
Company
Publicly
Gone
Requirements
Sense
Stock

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How could economics not be behavioral? If it isn't behavioral, what the hell is it?
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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.
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Forgetting your mistakes is a terrible error if you are trying to improve your cognition.
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The investment game is getting more and more competitive.
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We have to have a special insight, or we'll put it in the 'too tough' basket. All of you have to look for a special area of competency and focus on that.
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Trying to prioritize among things we're unlikely to do is pretty fruitless.
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Black-Scholes works for short-term options, but if it's a long-term option and you think you know something [about the underlying asset], it's insane to use Black-Scholes.
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Your life must focus on the maximization of objectivity.
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The big money is not in the buying and selling ... but in the waiting.
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I think track records are very important. If you start early trying to have a perfect one in some simple thing like honesty, you're well on your way to success in this world.
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Opportunity cost is a huge filter in life. If you've got two suitors who are really eager to have you and one is way the hell better than the other, you do not have to spend much time with the other. And that's the way we filter out buying opportunities.
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It's dangerous to short stocks.
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I think corporate managers should learn to be better investors because it would make them better managers.
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This is a good life lesson: getting the right people into your system is the most important thing you can do.
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If only I had the influence with my wife and children that I have in some other quarters!
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It would be easier to screw up American Express than Coke or Gillette, but it's an immensely strong business.
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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.
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