Company Quotes by Charlie Munger

Our biggest mistakes, were things we didn't do, companies we didn't buy.

— Charlie Munger

See's candy company was the first high-quality business we ever bought.

— Charlie Munger

If you can buy the best companies, over time the pricing takes care of itself.

— Charlie Munger

Investing is where you find a few great companies and then sit on your ass.

— Charlie Munger

If the value of a company doesn't just scream out at you, it's too close.

— Charlie Munger

A director who gets $150,000 per year from a company and needs the money is not independent.

— Charlie Munger

A lot of share-buying, not bargain-seeking, is designed to prop stock prices up. Thirty to 40 years ago, it was very profitable…

— Charlie Munger

Over the very long term, history shows that the chances of any business surviving in a manner agreeable to a company's owners…

— Charlie Munger

Well in the history of the See's Candy Company they always say, "I never did it before, and I'm never going to…

— Charlie Munger

Kellogg's and Campbell's moats have also shrunk due to the increased buying power of supermarkets and companies like Wal-Mart. The muscle power…

— Charlie Munger

You need a different checklist and different mental models for different companies. I can never make it easy by saying, 'Here are…

— Charlie Munger

We're emphasizing the knowable by predicting how certain people and companies will swim against the current. We're not predicting the fluctuation in…

— Charlie Munger

It took us months of buying all the Coke stock we could to accumulate $1 billion worth - equal to 7% of…

— Charlie Munger

Clever derivatives broke dozens of companies. It killed them. Bankrupt. We don't need these kinds of innovation in finance. It's OK to…

— Charlie Munger

Berkshire has the lowest turnover of any major company in the U.S.The Walton family owns more of Wal-Mart than Buffett owns of…

— Charlie Munger

We don't have an isolated group [of senior managers] surrounded by servants. Berkshire's headquarters is a tiny little suite. We just came…

— Charlie Munger

I'd say 3/4 of advertising works on pure Pavlov. Think how association, pure association, works. Take Coca-Cola company (we're the biggest share-holder).…

— Charlie Munger

We regard using [a stock's] volatility as a measure of risk is nuts. Risk to us is 1) the risk of permanent…

— Charlie Munger

I think there's an awful lot of twaddle and bullshit on EVA. The whole game is to turn retained earnings into more…

— Charlie Munger

Some years ago one oil company bought a fertilizer company, and every other major oil company practically ran out and bought a…

— Charlie Munger

Where you have complexity, by nature you can have fraud and mistakes. You'll have more of that than in a company that…

— Charlie Munger

What's fascinating . . .is that you could now have a business that might have been selling for $10 billion where the…

— Charlie Munger

An investment decision in the common stock of a company frequently involves a whole lot of factors interacting ... the one thing…

— Charlie Munger

The cost of being a publicly traded stock has gone way, way up. It doesn't make sense for a little company to…

— Charlie Munger

If you buy something because it's undervalued, then you have to think about selling it when it approaches your calculation of its…

— Charlie Munger

Bernie Ebbers and Ken Lay were caricatures - they were easy to spot. They were almost psychopaths. But it's much harder to…

— Charlie Munger