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“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 fruitfully near the edge of my discipline. It adds excitement to life to wonder which it is.” quote by Charlie Munger — Download Open image

“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 fruitfully near the edge of my discipline. It adds excitement to life to wonder which it is.”

Charlie Munger

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

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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…

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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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Most marriages don't add two people together. They subtract one from the other.

Ian Fleming

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Friendship, "the wine of life," should, like a well-stocked cellar, be continually renewed; and it is consolatory to think, that although we can seldom…

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Life as we know it is fundamentally unsatisfying. I think most folks feel this to be true. They know that a life of aimless consumption isn't much of a life. And work offers us very little satisfaction. Plus our work and consumption is destroying the environment. And this is in the rich countries. Add starvation, etc. to the mix, and…

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Give me a platter of choice finnan haddie, freshly cooked in its bath of water and milk, add melted butter, a slice or two…

Craig Claiborne

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Writing adds up to the conscience of our times.

Martin Firrell

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A 'modern' man has nothing to add to modernism, if only because he has nothing to oppose it with. The well-adapted drop off the…

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Observation and theory get on best when they are mixed together, both helping one another in the pursuit of truth. It is a good rule not to put overmuch confidence in a theory until it has been confirmed by observation. I hope I shall not shock the experimental physicists too much if I add that it is also a good…

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I may add that we have more than once stated our willingness to conclude nonaggression pacts with the states neighboring our own!

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The American Constitution declares 'All men are born equal.' The British Socialist Party add: 'All men must be kept equal'.

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New generations of humans inherit the acquired discoveries of generations past, allowing cosmic insight to accumulate without limit. Each discovery of science therefore adds a rung to a ladder of knowledge whose end is not in sight because we are building the ladder as we go along. As far as I can tell, as we assemble and ascend this ladder,…

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In presenting a mathematical argument the great thing is to give the educated reader the chance to catch on at once to the momentary point and take details for granted: two trivialities omitted can add up to an impasse). The unpractised writer, even after the dawn of a conscience, gives him no such chance; before he can spot the point…

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