---
title: "Meaning & Key Takeaway of: I remember the $0.05 hamburger and a…"
description: "\"I remember the $0.05 hamburger and a $0.40-per-hour minimum wage, so I've seen a tremendous amount of inflation in my lifetime. Did it ruin the investm..."
image: "https://sms4smile.com/quotes/i/02c/charlie-munger-458_amount_i-remember-the-0-05-hamburger-and-a-0-40_3095663.jpg"
---

#  I remember the $0.05 hamburger and a $0.40-per-hour…

![“I remember the $0.05 hamburger and a $0.40-per-hour minimum wage, so I've seen a tremendous amount of inflation in my lifetime. Did it ruin the investment climate? I think not.” quote by Charlie Munger](https://sms4smile.com/quotes/i/02c/charlie-munger-458_amount_i-remember-the-0-05-hamburger-and-a-0-40_3095663.jpg)   [Download](https://sms4smile.com/quotes/i/02c/charlie-munger-458_amount_i-remember-the-0-05-hamburger-and-a-0-40_3095663.jpg) [Open image](https://sms4smile.com/quotes/i/02c/charlie-munger-458_amount_i-remember-the-0-05-hamburger-and-a-0-40_3095663.jpg)

> “I remember the $0.05 hamburger and a $0.40-per-hour minimum wage, so I've seen a tremendous amount of inflation in my lifetime. Did it ruin the investment climate? I think not.”

[Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/)

## About This Quote

This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.

Reflects on personal experience of low wages and rising prices, questioning impact on investment climate.

**In simple terms:** Personal inflation memories raise doubts about investment climate.

Key Takeaway

Consider inflation trends when investing.

Themes

inflation economics investment personal history

Mood

thoughtful analytical

Type

reflective informative

When to use this quote

- financial planning
- policy analysis
- personal budgeting

Key Concepts

price level wage growth investment climate historical perspective

Questions to Reflect On

- How have your investment decisions changed with inflation?
- What factors truly affect investment climate?

A Different Perspective

Inflation perception may differ from macro data.

★ ★ ★ ★ ★   No ratings yet

[Amount](https://sms4smile.com/quotes/about/amount/) [Climate](https://sms4smile.com/quotes/about/climate/) [Customer](https://sms4smile.com/quotes/about/customer/) [Hamburgers](https://sms4smile.com/quotes/about/hamburgers/) [Hours](https://sms4smile.com/quotes/about/hours/) [Inflation](https://sms4smile.com/quotes/about/inflation/) [Inflation Lifetime](https://sms4smile.com/quotes/about/inflation-lifetime-5342865/) [Investing](https://sms4smile.com/quotes/about/investing/) [Investment](https://sms4smile.com/quotes/about/investment/) [Investment Climate](https://sms4smile.com/quotes/about/investment-climate-3789531/) [Lifetime](https://sms4smile.com/quotes/about/lifetime/) [Minimum](https://sms4smile.com/quotes/about/minimum/) [Minimum wage](https://sms4smile.com/quotes/about/minimum-wage/) [Remember](https://sms4smile.com/quotes/about/remember/) [Ruins](https://sms4smile.com/quotes/about/ruins/) [Thinking](https://sms4smile.com/quotes/about/thinking/) [Tremendous Inflation](https://sms4smile.com/quotes/about/tremendous-inflation-5342864/)

## Related quotes

> [The investment climate in Gujarat under Modi has been very supportive of business interests; but it was the same under the Congress governments that…](https://sms4smile.com/quotes/abhijit-banerjee/the-investment-climate-in-gujarat-under-modi-has-been-very-supportive/)

[Abhijit Banerjee](https://sms4smile.com/quotes/author/abhijit-banerjee/)

> [Governments must take on the central role of creating an investment climate across Africa that supports enterprise and the role of the private sector…](https://sms4smile.com/quotes/jeroen-van-der-veer/governments-must-take-on-the-central-role-of-creating-an-investment/)

[Jeroen van der Veer](https://sms4smile.com/quotes/author/jeroen-van-der-veer/)

> [We must deregulate, we must provide an investment climate by giving incentives.](https://sms4smile.com/quotes/nawaz-sharif/we-must-deregulate-we-must-provide-an-investment-climate-by-giving/)

[Nawaz Sharif](https://sms4smile.com/quotes/author/nawaz-sharif/)

> [We have enacted many economic reforms but also others that have an impact on the overall investment climate. For instance, I launched a very…](https://sms4smile.com/quotes/petro-poroshenko/we-have-enacted-many-economic-reforms-but-also-others-that-have-an/)

[Petro Poroshenko](https://sms4smile.com/quotes/author/petro-poroshenko/)

> [Liberals state that many teenagers would rather sell crack for $100 an hour than to flip hamburgers for a minimum wage. Using the same…](https://sms4smile.com/quotes/rush-limbaugh/liberals-state-that-many-teenagers-would-rather-sell-crack-for-100-an/)

[Rush Limbaugh](https://sms4smile.com/quotes/author/rush-limbaugh/)

> [If I were in charge of the government, I would index the minimum wage to inflation, so that way, everybody knows what they can…](https://sms4smile.com/quotes/fred-deluca/if-i-were-in-charge-of-the-government-i-would-index-the-minimum-wage/)

[Fred DeLuca](https://sms4smile.com/quotes/author/fred-deluca/)

> [Congress has not raised the minimum wage since 1997. The minimum wage is now at its lowest level in 50 years adjusted for inflation.](https://sms4smile.com/quotes/russ-carnahan/congress-has-not-raised-the-minimum-wage-since-1997-the-minimum-wage/)

[Russ Carnahan](https://sms4smile.com/quotes/author/russ-carnahan/)

> [Sharp increases in the minimum wage rate are also inflationary. Frequently workers paid more than the minimum gauge their wages relative to it. This…](https://sms4smile.com/quotes/richard-m-nixon/sharp-increases-in-the-minimum-wage-rate-are-also-inflationary/)

[Richard M. Nixon](https://sms4smile.com/quotes/author/richard-m-nixon/)

> [It has now been over 7 years since Congress last raised the minimum wage to its current level of $5.15 per hour. Since that…](https://sms4smile.com/quotes/jon-corzine/it-has-now-been-over-7-years-since-congress-last-raised-the-minimum/)

[Jon Corzine](https://sms4smile.com/quotes/author/jon-corzine/)

> [I think the minimum wage ought to keep pace with inflation.](https://sms4smile.com/quotes/mitt-romney/i-think-the-minimum-wage-ought-to-keep-pace-with-inflation/)

[Mitt Romney](https://sms4smile.com/quotes/author/mitt-romney/)

> [Every economist knows that minimum wages either do nothing or cause inflation and unemployment. That's not a statement, it's a definition.](https://sms4smile.com/quotes/milton-friedman/every-economist-knows-that-minimum-wages-either-do-nothing-or-cause/)

[Milton Friedman](https://sms4smile.com/quotes/author/milton-friedman/)

> [I think the minimum wage outght to keep pace with inflation. I think the minimum wage is a good thing to have in our…](https://sms4smile.com/quotes/mitt-romney/i-think-the-minimum-wage-outght-to-keep-pace-with-inflation-i-think/)

[Mitt Romney](https://sms4smile.com/quotes/author/mitt-romney/)

> [ I think democracies are prone to inflation because politicians will naturally spend \[excessively\] - they have the power to print money and will use… ](https://sms4smile.com/quotes/charlie-munger/i-think-democracies-are-prone-to-inflation-because-politicians-will/)

[Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/)

> [We do not want to be reminded that it is we, the indigenous people, who are poor and exploited in the land of our…](https://sms4smile.com/quotes/steven-biko/we-do-not-want-to-be-reminded-that-it-is-we-the-indigenous-people-who/)

[Steven Biko](https://sms4smile.com/quotes/author/steven-biko/)

> [I don't wear a watch because I want my arms to weigh the same. So if somebody asks me what time it is, I…](https://sms4smile.com/quotes/mitch-hedberg/i-don-t-wear-a-watch-because-i-want-my-arms-to-weigh-the-same-so-if/)

[Mitch Hedberg](https://sms4smile.com/quotes/author/mitch-hedberg/)

## More by Charlie Munger

> [Almost all good businesses engage in 'pain today, gain tomorrow' activities.](https://sms4smile.com/quotes/charlie-munger/almost-all-good-businesses-engage-in-pain-today-gain-tomorrow/)

[Charlie Munger](https://sms4smile.com/quotes/author/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…](https://sms4smile.com/quotes/charlie-munger/if-you-want-good-behavior-don-t-pay-on-a-commission-basis-our-judges/)

[Charlie Munger](https://sms4smile.com/quotes/author/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…](https://sms4smile.com/quotes/charlie-munger/acquire-worldly-wisdom-and-adjust-your-behavior-accordingly-if-your/)

[Charlie Munger](https://sms4smile.com/quotes/author/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…](https://sms4smile.com/quotes/charlie-munger/i-think-time-and-time-again-in-reality-psychological-notions-and/)

[Charlie Munger](https://sms4smile.com/quotes/author/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…](https://sms4smile.com/quotes/charlie-munger/i-have-what-i-call-an-iron-prescription-that-helps-me-keep-sane-when/)

[Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/)

> [The tax code gives you an enormous advantage if you can find some things you can just sit with.](https://sms4smile.com/quotes/charlie-munger/the-tax-code-gives-you-an-enormous-advantage-if-you-can-find-some/)

[Charlie Munger](https://sms4smile.com/quotes/author/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…](https://sms4smile.com/quotes/charlie-munger/the-great-lesson-in-microeconomics-is-to-discriminate-between-when/)

[Charlie Munger](https://sms4smile.com/quotes/author/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.…](https://sms4smile.com/quotes/charlie-munger/some-years-ago-one-oil-company-bought-a-fertilizer-company-and-every/)

[Charlie Munger](https://sms4smile.com/quotes/author/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… ](https://sms4smile.com/quotes/charlie-munger/they-mc-donalds-take-people-and-give-them-a-first-job-which-enables/)

[Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/)

> [What good is envy? It’s the one sin you can’t have any fun at.](https://sms4smile.com/quotes/charlie-munger/what-good-is-envy-it-s-the-one-sin-you-can-t-have-any-fun-at/)

[Charlie Munger](https://sms4smile.com/quotes/author/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…](https://sms4smile.com/quotes/charlie-munger/we-believe-that-almost-all-really-good-investment-records-will/)

[Charlie Munger](https://sms4smile.com/quotes/author/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…](https://sms4smile.com/quotes/charlie-munger/it-is-way-less-certain-to-be-a-wonderful-business-in-the-future-the/)

[Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/)

> [In the corporate world, if you have analysts, due diligence, and no horse sense, you've just described hell.](https://sms4smile.com/quotes/charlie-munger/in-the-corporate-world-if-you-have-analysts-due-diligence-and-no/)

[Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/)

> [We have to have a special insight, or we'll put it in the 'too tough' basket. All of you have to look for a…](https://sms4smile.com/quotes/charlie-munger/we-have-to-have-a-special-insight-or-we-ll-put-it-in-the-too-tough/)

[Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/)

> [I've heard that one-half of the students at elite schools want to go into private equity or hedge funds. They want to keep up…](https://sms4smile.com/quotes/charlie-munger/i-ve-heard-that-one-half-of-the-students-at-elite-schools-want-to-go/)

[Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/)

[Explore all 544 Charlie Munger quotes ](https://sms4smile.com/quotes/author/charlie-munger/)

## More Amount quotes

> [Dating someone on the opposite end of the happy spectrum teaches you an incredible amount of patience.](https://sms4smile.com/quotes/chris-pine/dating-someone-on-the-opposite-end-of-the-happy-spectrum-teaches-you/)

[Chris Pine](https://sms4smile.com/quotes/author/chris-pine/)

> [When the amount of change externally exceeds the amount of change internally, the end is in sight.](https://sms4smile.com/quotes/jack-welch/when-the-amount-of-change-externally-exceeds-the-amount-of-change/)

[Jack Welch](https://sms4smile.com/quotes/author/jack-welch/)

> [A human being can only absorb a small amount of the mystical kundalini, you can be exposed again and again to it, but it…](https://sms4smile.com/quotes/frederick-lenz/a-human-being-can-only-absorb-a-small-amount-of-the-mystical/)

[Frederick Lenz](https://sms4smile.com/quotes/author/frederick-lenz/)

> [It's a great story for us whenever an entrepreneur makes a crazy amount of money and we get to tell the world about it.…](https://sms4smile.com/quotes/sarah-lacy/it-s-a-great-story-for-us-whenever-an-entrepreneur-makes-a-crazy/)

[Sarah Lacy](https://sms4smile.com/quotes/author/sarah-lacy/)

> [It's a challenge to work a character's arc into a format in which you only have a very limited amount of time to grow…](https://sms4smile.com/quotes/ginnifer-goodwin/it-s-a-challenge-to-work-a-character-s-arc-into-a-format-in-which-you/)

[Ginnifer Goodwin](https://sms4smile.com/quotes/author/ginnifer-goodwin/)

> [The amount of things you can do with a kettlebell is unsurpassed by any other training equipment - dumbbells, resistance machines, free weights.](https://sms4smile.com/quotes/laird-hamilton/the-amount-of-things-you-can-do-with-a-kettlebell-is-unsurpassed-by/)

[Laird Hamilton](https://sms4smile.com/quotes/author/laird-hamilton/)

> [The amount you give isn't important. What matters is what that amount represents in terms of your life.](https://sms4smile.com/quotes/jim-rohn/the-amount-you-give-isn-t-important-what-matters-is-what-that-amount/)

[Jim Rohn](https://sms4smile.com/quotes/author/jim-rohn/)

> [There's a place in Botswana where there are 100,000 elephants living in a single population. Think of the amount of space they need. Remember,…](https://sms4smile.com/quotes/patrick-bergin/there-s-a-place-in-botswana-where-there-are-100-000-elephants-living/)

[Patrick Bergin](https://sms4smile.com/quotes/author/patrick-bergin/)

> [How could you justify giving Holland twice the amount of money that you gave Belgium? Well, finally, I put it up to them. They…](https://sms4smile.com/quotes/w-averell-harriman/how-could-you-justify-giving-holland-twice-the-amount-of-money-that/)

[W. Averell Harriman](https://sms4smile.com/quotes/author/w-averell-harriman/)

> [I am not a great believer in dialectical struggle. I am much more of a fusion person. I see it as a dialogue, or…](https://sms4smile.com/quotes/marina-warner/i-am-not-a-great-believer-in-dialectical-struggle-i-am-much-more-of-a/)

[Marina Warner](https://sms4smile.com/quotes/author/marina-warner/)

> [The risk of developing carcinoma of the lung increases steadily as the amount smoked increases. If the risk among non-smokers is taken as unity…](https://sms4smile.com/quotes/richard-doll/the-risk-of-developing-carcinoma-of-the-lung-increases-steadily-as/)

[Richard Doll](https://sms4smile.com/quotes/author/richard-doll/)

> [Both fact and logic seem to me to support the view that savings invested in privately owned economic tools of production amount to an…](https://sms4smile.com/quotes/f-a-harper/both-fact-and-logic-seem-to-me-to-support-the-view-that-savings/)

[F. A. Harper](https://sms4smile.com/quotes/author/f-a-harper/)

> [You have a little bit of talent, a certain amount of good fortune and a lot of hard work in pursuit of whatever truth…](https://sms4smile.com/quotes/donald-sutherland/you-have-a-little-bit-of-talent-a-certain-amount-of-good-fortune-and/)

[Donald Sutherland](https://sms4smile.com/quotes/author/donald-sutherland/)

> [I have a tremendous amount of respect for military families. To have to worry about your loved ones and still try and live a…](https://sms4smile.com/quotes/ashanti/i-have-a-tremendous-amount-of-respect-for-military-families-to-have/)

[Ashanti](https://sms4smile.com/quotes/author/ashanti/)

> [In sports teams, apart from talk of sporting prowess and the imparting of inspirational thought, an extraordinary amount of time is spent discussing, and…](https://sms4smile.com/quotes/harsha-bhogle/in-sports-teams-apart-from-talk-of-sporting-prowess-and-the-imparting/)

[Harsha Bhogle](https://sms4smile.com/quotes/author/harsha-bhogle/)

[Browse all 4,202 Amount quotes ](https://sms4smile.com/quotes/about/amount/)

```json
{
    "@context": "https://schema.org",
    "@graph": [
        {
            "@type": "Quotation",
            "text": "I remember the $0.05 hamburger and a $0.40-per-hour minimum wage, so I've seen a tremendous amount of inflation in my lifetime. Did it ruin the investment climate? I think not.",
            "creator": {
                "@type": "Person",
                "name": "Charlie Munger"
            },
            "isPartOf": {
                "@id": "https://sms4smile.com/quotes/#website"
            },
            "url": "https://sms4smile.com/quotes/charlie-munger/i-remember-the-0-05-hamburger-and-a-0-40-per-hour-minimum-wage-so-i/",
            "about": {
                "@type": "Thing",
                "name": "Amount"
            },
            "@id": "https://sms4smile.com/quotes/charlie-munger/i-remember-the-0-05-hamburger-and-a-0-40-per-hour-minimum-wage-so-i/#quotation",
            "image": {
                "@type": "ImageObject",
                "@id": "https://sms4smile.com/quotes/i/02c/charlie-munger-458_amount_i-remember-the-0-05-hamburger-and-a-0-40_3095663.jpg",
                "contentUrl": "https://sms4smile.com/quotes/i/02c/charlie-munger-458_amount_i-remember-the-0-05-hamburger-and-a-0-40_3095663.jpg",
                "url": "https://sms4smile.com/quotes/i/02c/charlie-munger-458_amount_i-remember-the-0-05-hamburger-and-a-0-40_3095663.jpg",
                "width": 1080,
                "height": 1080,
                "caption": "“I remember the $0.05 hamburger and a $0.40-per-hour minimum wage, so I've seen a tremendous amount of…” — Charlie Munger",
                "creditText": "SMS4Smile Quotes",
                "creator": {
                    "@id": "https://sms4smile.com/quotes/#organization"
                }
            }
        },
        {
            "@type": "BreadcrumbList",
            "itemListElement": [
                {
                    "@type": "ListItem",
                    "position": 1,
                    "name": "Home",
                    "item": "https://sms4smile.com/"
                },
                {
                    "@type": "ListItem",
                    "position": 2,
                    "name": "Quotes",
                    "item": "https://sms4smile.com/quotes/"
                },
                {
                    "@type": "ListItem",
                    "position": 3,
                    "name": "Charlie Munger",
                    "item": "https://sms4smile.com/quotes/author/charlie-munger/"
                },
                {
                    "@type": "ListItem",
                    "position": 4,
                    "name": "I remember the $0.05 hamburger and...",
                    "item": "https://sms4smile.com/quotes/charlie-munger/i-remember-the-0-05-hamburger-and-a-0-40-per-hour-minimum-wage-so-i/"
                }
            ],
            "@id": "https://sms4smile.com/quotes/charlie-munger/i-remember-the-0-05-hamburger-and-a-0-40-per-hour-minimum-wage-so-i/#breadcrumb"
        },
        {
            "@type": "WebSite",
            "@id": "https://sms4smile.com/quotes/#website",
            "name": "SMS4Smile Quotes",
            "url": "https://sms4smile.com/quotes/",
            "publisher": {
                "@id": "https://sms4smile.com/quotes/#organization"
            }
        },
        {
            "@type": "Organization",
            "@id": "https://sms4smile.com/quotes/#organization",
            "name": "SMS4Smile Quotes",
            "url": "https://sms4smile.com/quotes/",
            "logo": {
                "@type": "ImageObject",
                "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png",
                "width": 512,
                "height": 512
            }
        }
    ]
}
```
