Clients Quote by Charlie Munger

Is there a phrase in the English language more fraught with menace than a tax audit?

— Erica Jong

“The flood of money from Amway’s founders failed, though, to quash an investigation by the Canadian government into a tax-fraud scheme in which both…

— Jane Mayer

“The high taxes and regulatory burdens they favor have the effect of protecting established businesses. To accumulate a fortune requires earning a high rate…

— Don Watkins

On Wall Street, fraudulent schemes tend to thrive during economic booms, and to blow up when times turn tough.

— James Surowiecki

Profit is sweet, even if it comes from deception.

— Sophocles

Once I really got into securities fraud prosecutions, I came to realize how central they were to the maintenance of a free market and…

— Jed S. Rakoff

Even in the business of corporations honesty is the best policy, and the companies that have acted in accordance with the highest standard, other…

— Robert Green Ingersoll

It's bad form to mention money-laundering. Instead, you talk about asset-management structures and tax beneficial schemes.

— John Sweeney

Too many companies these days can't tell the difference between good profits and bad.... By now you're probably wondering how in heaven's name profit,…

— Fred Reichheld

“[W]hen you look at who’ll be collecting this tax, the chances of drumming up a conspiracy suddenly look even worse. In America, .03 percent…

— Neal Boortz

Legitimate profit is good. What's bad is profiteering,

— Shaffi Mather

Fraud will always exist. Enforcement of anti-fraud laws is a useful deterrent, but in the end there's no substitute for investor vigilance. Government regulations…

— John Stossel