Arrogant Quote by Charlie Munger
“Well, the questioner came from Singapore, which has perhaps the best economic record in the history of developing an economy. And therefore he referred to 15 percent per annum as modest. It's not modest, it's arrogant.”
About This Quote
Source Speech: Berkshire Hathaway Annual Meeting, 2022
He criticizes labeling a 15% annual return as modest, calling it arrogant given Singapore’s strong economic growth.
In simple terms: Calling 15% growth modest is arrogant.
Key Takeaway
Reevaluate what counts as modest growth.
Themes
economics
modesty
arrogance
Mood
critical
analytical
Type
philosophical
inspirational
When to use this quote
- investment decisions
- policy making
- business strategy
Key Concepts
growth expectations
comparative analysis
economic development
Questions to Reflect On
- Is 15% truly excessive for emerging economies?
- How should cultural context shape growth expectations?
A Different Perspective
Modest expectations can be realistic in different contexts.
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