---
title: "7 Etc Quotes By Charlie Munger"
description: "7 Etc quotes by Charlie Munger. Plus more from Charlie Munger and more Etc sayings from other authors."
image: "https://sms4smile.com/quotes/i/7d7/charlie-munger-458_best-god_people-like-the-robber-barons-assumed-th_196250.jpg"
---

> [People like the robber barons assumed that the doctrine of the survival of the fittest authenticated them as deserving power. You know,…](https://sms4smile.com/quotes/charlie-munger/people-like-the-robber-barons-assumed-that-the-doctrine-of-the/)

[Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/)

[Image](https://sms4smile.com/quotes/i/7d7/charlie-munger-458_best-god_people-like-the-robber-barons-assumed-th_196250.jpg)

> [A lot of success in life and business comes from knowing what you want to avoid: early death, a bad marriage, etc.](https://sms4smile.com/quotes/charlie-munger/a-lot-of-success-in-life-and-business-comes-from-knowing-what-you/)

[Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/)

[Image](https://sms4smile.com/quotes/i/44a/charlie-munger-458_bad-marriage_a-lot-of-success-in-life-and-business-co_815221.jpg)

> [The stupid and dishonest accountants allowed the genie of totally inappropriate accounting to descend on derivatives books. And once this has happened…](https://sms4smile.com/quotes/charlie-munger/the-stupid-and-dishonest-accountants-allowed-the-genie-of-totally/)

[Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/)

[Image](https://sms4smile.com/quotes/i/6d4/charlie-munger-458_accountants_the-stupid-and-dishonest-accountants-all_1736359.jpg)

> [When we were young, there weren't very many smart people in the investment world. You should have seen the people in the…](https://sms4smile.com/quotes/charlie-munger/when-we-were-young-there-weren-t-very-many-smart-people-in-the/)

[Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/)

[Image](https://sms4smile.com/quotes/i/1f3/charlie-munger-458_advantage_when-we-were-young-there-weren-t-very-ma_2170298.jpg)

> [Just avoid things like racing trains to the crossing, doing cocaine, etc. Develop good mental habits.](https://sms4smile.com/quotes/charlie-munger/just-avoid-things-like-racing-trains-to-the-crossing-doing-cocaine/)

[Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/)

[Image](https://sms4smile.com/quotes/i/bfa/charlie-munger-458_avoid_just-avoid-things-like-racing-trains-to_2442700.jpg)

> [It's my guess that something like 5% of GDP goes to money management and itsattendant friction. I define it broadly - annuities,…](https://sms4smile.com/quotes/charlie-munger/it-s-my-guess-that-something-like-5-of-gdp-goes-to-money-management/)

[Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/)

[Image](https://sms4smile.com/quotes/i/54a/charlie-munger-458_allocation_it-s-my-guess-that-something-like-5-of-g_2584591.jpg)

> [I think that if you have a single payer system and an opt-out for people who want to pay more \[for better…](https://sms4smile.com/quotes/charlie-munger/i-think-that-if-you-have-a-single-payer-system-and-an-opt-out-for/)

[Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/)

[Image](https://sms4smile.com/quotes/i/333/charlie-munger-458_currents_i-think-that-if-you-have-a-single-payer_3236714.jpg)

## Other authors on Etc

## 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/)

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