Should Quotes by Charlie Munger

Never, ever, think about something else when you should be thinking about the power of incentives.

— Charlie Munger

I think that one should recognize reality even when one doesn't like it; indeed, especially when one doesn't like it.

— Charlie Munger

A board member should be perfectly willing to leave at any time and willing to make the tough calls.

— Charlie Munger

Even in pure mathematics they can't remove all paradox, and the rest of us should also recognize we are going to have…

— Charlie Munger

Being rational is a moral Imperative. You should never be stupider than you need to be.

— Charlie Munger

I think that, every time you saw the word EBITDA, you should substitute the word "bullshit" earnings.

— Charlie Munger

I think corporate managers should learn to be better investors because it would make them better managers.

— Charlie Munger

So, economics should emulate physics' basic ethos, but its search for precision in physics-like formulas is almost always wrong in economics.

— Charlie Munger

What do you want to avoid? Such an easy answer: sloth and unreliability. If you're unreliable it doesn't matter what your virtues…

— 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

I don't want to sell credit to people who are going to hurt themselves with it. You should only sell products that…

— Charlie Munger

One of the smartest things a person can do is dampen investment expectations, especially with Berkshire. That would be mature and responsible.…

— Charlie Munger

When we were young, there weren't very many smart people in the investment world. You should have seen the people in the…

— Charlie Munger

How should the best parts of psychology and economics interrelate in an enlightened economist's mind?... I think that these behavioral economics...or economists…

— Charlie Munger

Our approach has worked for us. Look at the fun we, our managers, and our shareholders are having. More people should copy…

— Charlie Munger

We believe there should be a huge area between everything you should do and everything you can do without getting into legal…

— Charlie Munger

I have concluded that most PhD economists under appraise the power of the common-stock-based "wealth effect," under current extreme conditions... "Wealth effects"…

— Charlie Munger

Another thing I think should be avoided is extremely intense ideology because it cabbages up one's mind. You see it a lot…

— Charlie Munger

Over the long term, the eclipse rate of great civilizations being overtaken is 100%. So you know how it's going to end.…

— 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

Why should it be easy to do something that, if done well, two or three times, will make your family rich for…

— Charlie Munger

Just as a man working with his tools should know its limitations, a man working with his cognitive apparatus must know its…

— Charlie Munger