Financial Quotes by Charlie Munger

'F.A.S.B' ... 'Financial Accounts Still Bogus'.

— Charlie Munger

A lot of our respected financial institutions are just casinos in drag.

— Charlie Munger

Financial institutions make us nervous when they're trying to do well.

— Charlie Munger

After nearly making a terrible mistake not buying See's, we've made this mistake many times. We are apparently slow learners. These opportunity…

— 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

While no real money came down, my family gave me a good education and a marvelous example of how people should behave,…

— Charlie Munger

In engineering, people have a big margin of safety. But in the financial world, people don't give a damn about safety. They…

— Charlie Munger

Our experience tends to confirm a long-held notion that being prepared, on a few occasions in a lifetime, to act promptly in…

— Charlie Munger

With Congress and the S.E.C. so heavily peopled by lawyers, and with lawyers having been so heavily involved in drafting financial disclosure…

— Charlie Munger

One of the first big bubbles, of course, was the huge and horrible South Sea Bubble in England. And the aftermath was…

— Charlie Munger

Since those don’t hit financial reports, the opportunities you had but didn’t accept, most people don’t bother thinking about them very much.…

— Charlie Munger

I also want to raise the possibility that there are, in the very long term, "virtue effects" in economics- for instance that…

— Charlie Munger

The beauty of a financial institution is that there are a lot of ways to go to hell in a bucket. You…

— Charlie Munger