Being smart Quote by Charlie Munger

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

— Charlie Munger

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…

— Charlie Munger

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

— Charlie Munger

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…

— Charlie Munger

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

— Charlie Munger

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

— Charlie Munger

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…

— Charlie Munger

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

— Charlie Munger

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

— Charlie Munger

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

— Charlie Munger

We believe that almost all really good investment records will involve relatively little diversification. The basic idea that it was hard to find 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…

— Charlie Munger