Approach Quote by Charlie Munger
“Our approach has worked for us. Look at the fun we, our managers, and our shareholders are having. More people should copy us. It's not difficult, but it looks difficult because it's unconventional - it isn't the way things are normally done. We have low overhead, don't have quarterly goals and budgets or a standard personnel system, and our investing is much more concentrated than average. It's simple and common sense.”
About This Quote
Source Interview: CNBC, 2023
The speaker argues that unconventional, low‑overhead business models can succeed without traditional structures, encouraging others to adopt simple, common‑sense strategies.
In simple terms: Simple, unconventional business models can work well.
Key Takeaway
Adopt low‑overhead, flexible practices.
Themes
business innovation
simplicity
unconventional methods
Mood
optimistic
pragmatic
challenging
Type
advisory
motivational
strategic
When to use this quote
- startup
- corporate strategy
- investment
- operational design
Key Concepts
lean management
concentration
common sense
Questions to Reflect On
- What barriers could prevent adoption?
- How to measure success without standard metrics?
A Different Perspective
Unconventional approaches may face regulatory or cultural resistance.
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