Charlie Munger

It's hard to predict what will happen with two brands in a market. Sometimes they will behave in a gentlemanly way, and…

— Charlie Munger

They made a mistake. And it was an easy mistake to make. I don't regard setting incentives aggressively as a mistake. I…

— Charlie Munger

Economic systems work better when there's an extreme reliability ethos. And the traditional way to get a reliability ethos, at least in…

— Charlie Munger

Avoid evil, particularly if they're attractive members of the opposite sex.

— Charlie Munger

When I run into a paradox I think either I'm a total horse's ass to have gotten to this point, or I'm…

— Charlie Munger

People like the robber barons assumed that the doctrine of the survival of the fittest authenticated them as deserving power. You know,…

— 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

The way to win is to work, work, work, work and hope to have a few insights And you're probably not going…

— Charlie Munger

A Lesson on Elementary, Worldly Wisdom As It Relates To Investment Management & Business

— Charlie Munger

Size will hurt returns. Look at Berkshire Hathaway - the last five things Warren has done have generated returns that are splendid…

— Charlie Munger

If you skillfully follow the multidisciplinary path, you will never wish to come back. It would be like cutting off your hands.

— Charlie Munger

If you always tell people why, they'll understand it better, they'll consider it more important, and they'll be more likely to comply.

— 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

Well, the questioner came from Singapore, which has perhaps the best economic record in the history of developing an economy. And therefore…

— Charlie Munger

...by regularly reading business newspaper and magazines I am exposed to an enormous amount of material at the micro level.. I find…

— Charlie Munger

No CEO examining books today understands what the hell is going on.

— Charlie Munger

Obviously, consideration of costs is key, including opportunity costs. Of course capital isn't free. It's easy to figure out your cost of…

— Charlie Munger

I find it quite useful to think of a free-market economy - or partly free market economy - as sort of the…

— Charlie Munger

Learn how to ignore the examples from others when they are wrong, because few skills are more worth having.

— Charlie Munger

I believe in the discipline of mastering the best that other people have ever figured out. I don't believe in just sitting…

— Charlie Munger

It's natural that you'd have more brains going into money management. There are so many huge incomes in money management and investment…

— Charlie Munger

Remember that reputation and integrity are your most valuable assets - and can be lost in a heartbeat.

— Charlie Munger

You want to deliver to the world what you would buy if you were on the other end.

— 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

How could economics not be behavioral? If it isn't behavioral, what the hell is it?

— Charlie Munger