--- title: "8 Cash Quotes By Charlie Munger" description: "8 Cash quotes by Charlie Munger. Plus more from Charlie Munger and more Cash sayings from other authors." image: "https://sms4smile.com/quotes/i/466/charlie-munger-458_cash_it-takes-character-to-sit-there-with-all_648536.jpg" --- > [It takes character to sit there with all that cash and do nothing. I didn't get to where I am by going…](https://sms4smile.com/quotes/charlie-munger/it-takes-character-to-sit-there-with-all-that-cash-and-do-nothing-i/) [Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/) [Image](https://sms4smile.com/quotes/i/466/charlie-munger-458_cash_it-takes-character-to-sit-there-with-all_648536.jpg) > [One metric catches people. We prefer businesses that drown in cash. An example of a different business is construction equipment. You work…](https://sms4smile.com/quotes/charlie-munger/one-metric-catches-people-we-prefer-businesses-that-drown-in-cash-an/) [Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/) [Image](https://sms4smile.com/quotes/i/cb6/charlie-munger-458_business_one-metric-catches-people-we-prefer-busi_1339108.jpg) > [It is an unfortunate fact that great and foolish excess can come into prices of common stocks in the aggregate. They are…](https://sms4smile.com/quotes/charlie-munger/it-is-an-unfortunate-fact-that-great-and-foolish-excess-can-come-into/) [Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/) [Image](https://sms4smile.com/quotes/i/768/charlie-munger-458_cash_it-is-an-unfortunate-fact-that-great-and_1697669.jpg) > [There are worse situations than drowning in cash and sitting, sitting, sitting. I remember when I wasn’t awash in cash — and…](https://sms4smile.com/quotes/charlie-munger/there-are-worse-situations-than-drowning-in-cash-and-sitting-sitting/) [Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/) [Image](https://sms4smile.com/quotes/i/4cb/charlie-munger-458_cash_there-are-worse-situations-than-drowning_2430839.jpg) > [The number one idea is to view a stock as an ownership of the business and to judge the staying quality of…](https://sms4smile.com/quotes/charlie-munger/the-number-one-idea-is-to-view-a-stock-as-an-ownership-of-the/) [Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/) [Image](https://sms4smile.com/quotes/i/ba9/charlie-munger-458_advantage_the-number-one-idea-is-to-view-a-stock-a_2437759.jpg) > [Quoting Demosthenes, 'For what each man wishes, that he also believes to be true.' I would rather make money playing a piano…](https://sms4smile.com/quotes/charlie-munger/quoting-demosthenes-for-what-each-man-wishes-that-he-also-believes-to/) [Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/) [Image](https://sms4smile.com/quotes/i/4cd/charlie-munger-458_arguing_quoting-demosthenes-for-what-each-man-wi_2785864.jpg) > [There are two kinds of businesses: The first earns 12%, and you can take it out at the end of the year.…](https://sms4smile.com/quotes/charlie-munger/there-are-two-kinds-of-businesses-the-first-earns-12-and-you-can-take/) [Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/) [Image](https://sms4smile.com/quotes/i/775/charlie-munger-458_business_there-are-two-kinds-of-businesses-the-fi_3122753.jpg) > [The cash register did more for human morality than the Congregational Church. It was a really powerful phenomenon to make an economic…](https://sms4smile.com/quotes/charlie-munger/the-cash-register-did-more-for-human-morality-than-the-congregational/) [Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/) [Image](https://sms4smile.com/quotes/i/cc4/charlie-munger-458_cash_the-cash-register-did-more-for-human-mor_3169292.jpg) ## Other authors on Cash ## More by Charlie Munger > [Almost all good businesses engage in 'pain today, gain tomorrow' activities.](https://sms4smile.com/quotes/charlie-munger/almost-all-good-businesses-engage-in-pain-today-gain-tomorrow/) [Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/) > [If you want good behavior, don't pay on a commission basis. Our judges aren't paid so much a case. We keep them pretty well…](https://sms4smile.com/quotes/charlie-munger/if-you-want-good-behavior-don-t-pay-on-a-commission-basis-our-judges/) [Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/) > [Acquire worldly wisdom and adjust your behavior accordingly. If your new behavior gives you a little temporary unpopularity with your peer group then to…](https://sms4smile.com/quotes/charlie-munger/acquire-worldly-wisdom-and-adjust-your-behavior-accordingly-if-your/) [Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/) > [I think time and time again, in reality, psychological notions and economic notions interplay, and the man who doesn't understand both is a damned…](https://sms4smile.com/quotes/charlie-munger/i-think-time-and-time-again-in-reality-psychological-notions-and/) [Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/) > [I have what I call an iron prescription that helps me keep sane when I naturally drift toward preferring one ideology over another and…](https://sms4smile.com/quotes/charlie-munger/i-have-what-i-call-an-iron-prescription-that-helps-me-keep-sane-when/) [Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/) > [The tax code gives you an enormous advantage if you can find some things you can just sit with.](https://sms4smile.com/quotes/charlie-munger/the-tax-code-gives-you-an-enormous-advantage-if-you-can-find-some/) [Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/) > [The great lesson in microeconomics is to discriminate between when technology is going to help you and when it's going to kill you. And…](https://sms4smile.com/quotes/charlie-munger/the-great-lesson-in-microeconomics-is-to-discriminate-between-when/) [Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/) > [Some years ago one oil company bought a fertilizer company, and every other major oil company practically ran out and bought a fertilizer company.…](https://sms4smile.com/quotes/charlie-munger/some-years-ago-one-oil-company-bought-a-fertilizer-company-and-every/) [Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/) > [ They \[Mc Donalds\] take people and give them a first job, which enables them to get a second job. They do a very good… ](https://sms4smile.com/quotes/charlie-munger/they-mc-donalds-take-people-and-give-them-a-first-job-which-enables/) [Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/) > [What good is envy? It’s the one sin you can’t have any fun at.](https://sms4smile.com/quotes/charlie-munger/what-good-is-envy-it-s-the-one-sin-you-can-t-have-any-fun-at/) [Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/) > [We believe that almost all really good investment records will involve relatively little diversification. The basic idea that it was hard to find good…](https://sms4smile.com/quotes/charlie-munger/we-believe-that-almost-all-really-good-investment-records-will/) [Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/) > [It is way less certain to be a wonderful business in the future. The threat is alternative mediums of information. Every newspaper is scrambling…](https://sms4smile.com/quotes/charlie-munger/it-is-way-less-certain-to-be-a-wonderful-business-in-the-future-the/) [Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/) > [In the corporate world, if you have analysts, due diligence, and no horse sense, you've just described hell.](https://sms4smile.com/quotes/charlie-munger/in-the-corporate-world-if-you-have-analysts-due-diligence-and-no/) [Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/) > [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…](https://sms4smile.com/quotes/charlie-munger/we-have-to-have-a-special-insight-or-we-ll-put-it-in-the-too-tough/) [Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/) > [I've heard that one-half of the students at elite schools want to go into private equity or hedge funds. They want to keep up…](https://sms4smile.com/quotes/charlie-munger/i-ve-heard-that-one-half-of-the-students-at-elite-schools-want-to-go/) [Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "ItemList", "@id": "https://sms4smile.com/quotes/about/cash/charlie-munger/#itemlist", "name": "8 Cash Quotes By Charlie Munger", "numberOfItems": 8, "itemListElement": [ { "@type": "ListItem", "position": 1, "item": { "@type": "Quotation", "text": "It takes character to sit there with all that cash and do nothing. 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But they are also valued partly like Rembrandt paintings, purchased mostly because their prices have gone up, so far.", "creator": { "@type": "Person", "name": "Charlie Munger" }, "url": "https://sms4smile.com/quotes/charlie-munger/it-is-an-unfortunate-fact-that-great-and-foolish-excess-can-come-into/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/768/charlie-munger-458_cash_it-is-an-unfortunate-fact-that-great-and_1697669.jpg", "contentUrl": "https://sms4smile.com/quotes/i/768/charlie-munger-458_cash_it-is-an-unfortunate-fact-that-great-and_1697669.jpg", "url": "https://sms4smile.com/quotes/i/768/charlie-munger-458_cash_it-is-an-unfortunate-fact-that-great-and_1697669.jpg", "width": 1080, "height": 1080, "caption": "“It is an unfortunate fact that great and foolish excess can come into prices of common stocks in the…” — Charlie Munger", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 4, "item": { "@type": "Quotation", "text": "There are worse situations than drowning in cash and sitting, sitting, sitting. 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Move only when you have an advantage.", "creator": { "@type": "Person", "name": "Charlie Munger" }, "url": "https://sms4smile.com/quotes/charlie-munger/the-number-one-idea-is-to-view-a-stock-as-an-ownership-of-the/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/ba9/charlie-munger-458_advantage_the-number-one-idea-is-to-view-a-stock-a_2437759.jpg", "contentUrl": "https://sms4smile.com/quotes/i/ba9/charlie-munger-458_advantage_the-number-one-idea-is-to-view-a-stock-a_2437759.jpg", "url": "https://sms4smile.com/quotes/i/ba9/charlie-munger-458_advantage_the-number-one-idea-is-to-view-a-stock-a_2437759.jpg", "width": 1080, "height": 1080, "caption": "“The number one idea is to view a stock as an ownership of the business and to judge the staying quality of…” — Charlie Munger", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 6, "item": { "@type": "Quotation", "text": "Quoting Demosthenes, 'For what each man wishes, that he also believes to be true.' I would rather make money playing a piano in a whorehouse than arguing that no cost is incurred when employees are paid in stock options instead of cash. I am not kidding.", "creator": { "@type": "Person", "name": "Charlie Munger" }, "url": "https://sms4smile.com/quotes/charlie-munger/quoting-demosthenes-for-what-each-man-wishes-that-he-also-believes-to/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/4cd/charlie-munger-458_arguing_quoting-demosthenes-for-what-each-man-wi_2785864.jpg", "contentUrl": "https://sms4smile.com/quotes/i/4cd/charlie-munger-458_arguing_quoting-demosthenes-for-what-each-man-wi_2785864.jpg", "url": "https://sms4smile.com/quotes/i/4cd/charlie-munger-458_arguing_quoting-demosthenes-for-what-each-man-wi_2785864.jpg", "width": 1080, "height": 1080, "caption": "“Quoting Demosthenes, 'For what each man wishes, that he also believes to be true.' 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We hate that kind of business.", "creator": { "@type": "Person", "name": "Charlie Munger" }, "url": "https://sms4smile.com/quotes/charlie-munger/there-are-two-kinds-of-businesses-the-first-earns-12-and-you-can-take/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/775/charlie-munger-458_business_there-are-two-kinds-of-businesses-the-fi_3122753.jpg", "contentUrl": "https://sms4smile.com/quotes/i/775/charlie-munger-458_business_there-are-two-kinds-of-businesses-the-fi_3122753.jpg", "url": "https://sms4smile.com/quotes/i/775/charlie-munger-458_business_there-are-two-kinds-of-businesses-the-fi_3122753.jpg", "width": 1080, "height": 1080, "caption": "“There are two kinds of businesses: The first earns 12%, and you can take it out at the end of the year. 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A system that's very hard to defraud, like a cash register, helped the economic performance of a civilization by reducing vice, but very few people within economics talk about it in those terms.", "creator": { "@type": "Person", "name": "Charlie Munger" }, "url": "https://sms4smile.com/quotes/charlie-munger/the-cash-register-did-more-for-human-morality-than-the-congregational/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/cc4/charlie-munger-458_cash_the-cash-register-did-more-for-human-mor_3169292.jpg", "contentUrl": "https://sms4smile.com/quotes/i/cc4/charlie-munger-458_cash_the-cash-register-did-more-for-human-mor_3169292.jpg", "url": "https://sms4smile.com/quotes/i/cc4/charlie-munger-458_cash_the-cash-register-did-more-for-human-mor_3169292.jpg", "width": 1080, "height": 1080, "caption": "“The cash register did more for human morality than the Congregational Church. 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