Cash Quote by Charlie Munger

“It takes character to sit there with all that cash and do nothing. I didn't get to where I am by going after mediocre opportunities.” quote by Charlie Munger — Download Open image

“It takes character to sit there with all that cash and do nothing. I didn't get to where I am by going after mediocre opportunities.”

Charlie Munger

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More by Charlie Munger

Almost all good businesses engage in 'pain today, gain tomorrow' activities.

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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…

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Acquire worldly wisdom and adjust your behavior accordingly. If your new behavior gives you a little temporary unpopularity with your peer group then to…

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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…

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I have what I call an iron prescription that helps me keep sane when I naturally drift toward preferring one ideology over another and…

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The tax code gives you an enormous advantage if you can find some things you can just sit with.

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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…

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

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They [Mc Donalds] take people and give them a first job, which enables them to get a second job. They do a very good…

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What good is envy? It’s the one sin you can’t have any fun at.

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We believe that almost all really good investment records will involve relatively little diversification. The basic idea that it was hard to find good investments and that you wanted to be in good investments, and therefore, you'd just find a few of them that you knew a lot about and concentrate on those seemed to me such an obviously good…

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 to parlay their existing advantage into dominance on the Internet. But it is way less sure [that this will occur] than the certainty 20 years ago that the basic business would grow steadily, so there's more…

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A garden has a curious innocent way of consuming cash while all the time you are under the illusion that you are spending nothing.

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Nothing knits man to man like the frequent passage from hand to hand of cash.

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“It’s me,” he says softly. “Stop listening to everything else. Remember the way you feel when I’m kissing you and touching you. Don’t think with your head. You know me. And when my lips are on yours, you trust me.” As if to make his point, he dips his head and brushes his mouth over mine. Sparks fly between us. As always.…

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After I graduated, I carried on with my academic work, via grants but I often had a market stall on Camden Market selling hand-painted…

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You might be a redneck if you have a picture of Johnny Cash, Willie Nelson, or Elvis over your fireplace.

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American forces in Iraq found $650 million in American cash sealed in a hidden cottage. See, this is why President Bush wants to invade…

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I feel a lot better when I've got a bit of cash on me.

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If our financial industry regarded security the way the health-care sector does, I would stuff my cash in a mattress under my bed.

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Why, just a couple of economic seasons ago, was idle cash considered an indication of bad management or lazy management? Because it meant that management didn't have this money out at work ... Now look. Presto! A new fashion! Cash is back in! Denigrating liquidity has dropped quicker than hemlines. A management is now saluted if it has some cash,…

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