--- title: "Meaning & Key Takeaway of: We don't like trading agony for money" description: "\"We don't like trading agony for money\" — Charlie Munger" image: "https://sms4smile.com/quotes/i/a8e/charlie-munger-458_agony_we-don-t-like-trading-agony-for-money-26_2628786.jpg" --- # We don't like trading agony for money ![“We don't like trading agony for money” quote by Charlie Munger](https://sms4smile.com/quotes/i/a8e/charlie-munger-458_agony_we-don-t-like-trading-agony-for-money-26_2628786.jpg) [Download](https://sms4smile.com/quotes/i/a8e/charlie-munger-458_agony_we-don-t-like-trading-agony-for-money-26_2628786.jpg) [Open image](https://sms4smile.com/quotes/i/a8e/charlie-munger-458_agony_we-don-t-like-trading-agony-for-money-26_2628786.jpg) > “We don't like trading agony for money” [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. People often sacrifice well‑being for profit, a trade‑off that can be harmful. **In simple terms:** People trade pain for money. Key Takeaway Prioritize health over short‑term gain. Themes ethics economics well‑being Mood cautious thoughtful Type ethical pragmatic When to use this quote - career decisions - investment choices - personal finance Key Concepts trade‑off human cost financial incentive Questions to Reflect On - Is the sacrifice worth the reward? - How can you balance profit and health? A Different Perspective Money cannot fully compensate for suffering. ★ ★ ★ ★ ★ No ratings yet [Agony](https://sms4smile.com/quotes/about/agony/) [Money](https://sms4smile.com/quotes/about/money/) [Suffering](https://sms4smile.com/quotes/about/suffering/) [Trading](https://sms4smile.com/quotes/about/trading/) ## Related quotes > [Financial institutions like to call what they do trading. Let's be honest. It's not trading; it's betting.](https://sms4smile.com/quotes/graydon-carter/financial-institutions-like-to-call-what-they-do-trading-let-s-be/) [Graydon Carter](https://sms4smile.com/quotes/author/graydon-carter/) > [If you don't like trading, gambling and betting, then you don't like living.](https://sms4smile.com/quotes/william-c-brown/if-you-don-t-like-trading-gambling-and-betting-then-you-don-t-like/) [William C. Brown](https://sms4smile.com/quotes/author/william-c-brown/) > [But with my last film, Spider it was agony. The money was always disappearing, nobody got paid, it was very difficult - and it's…](https://sms4smile.com/quotes/david-cronenberg/but-with-my-last-film-spider-it-was-agony-the-money-was-always/) [David Cronenberg](https://sms4smile.com/quotes/author/david-cronenberg/) > [“The trade is meaningless. It is like trading a used mattress for a $300 bill.”](https://sms4smile.com/quotes/anonymous/the-trade-is-meaningless-it-is-like-trading-a-used-mattress-for-a-300/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [The total amount paid out in dividends is roughly equal to the amount lost in trading and investment advice, so net dividends to shareholders…](https://sms4smile.com/quotes/charlie-munger/the-total-amount-paid-out-in-dividends-is-roughly-equal-to-the-amount/) [Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/) > [Derivative trading with mark-to-market accounting degenerates into mark-to-model. Two firms make a big derivative trade and the accountants on both sides show a large…](https://sms4smile.com/quotes/charlie-munger/derivative-trading-with-mark-to-market-accounting-degenerates-into/) [Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/) > [We have a higher percentage of the intelligentsia engaged in buying and selling pieces of paper and promoting trading activity than in any past…](https://sms4smile.com/quotes/charlie-munger/we-have-a-higher-percentage-of-the-intelligentsia-engaged-in-buying/) [Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/) > [Die, enemies of Ra!" Sekhemet yelled. "Perish in agony!" "She's almost as annoying as you," I told Horus. "Impossible," Horus said. "No one bests…](https://sms4smile.com/quotes/rick-riordan/die-enemies-of-ra-sekhemet-yelled-perish-in-agony-she-s-almost-as/) [Rick Riordan](https://sms4smile.com/quotes/author/rick-riordan/) > [Pay special attention to their agony so I might take some pleasure.](https://sms4smile.com/quotes/euripides/pay-special-attention-to-their-agony-so-i-might-take-some-pleasure/) [Euripides](https://sms4smile.com/quotes/author/euripides/) > [There’s been a problem, a problem eating away at me from the inside out. I’ve become weak, I’ve shown human compassion, and it has…](https://sms4smile.com/quotes/kane/there-s-been-a-problem-a-problem-eating-away-at-me-from-the-inside/) [Kane](https://sms4smile.com/quotes/author/kane/) > [One often learns more from ten days of agony than ten years of contentment.](https://sms4smile.com/quotes/merle-shain/one-often-learns-more-from-ten-days-of-agony-than-ten-years-of/) [Merle Shain](https://sms4smile.com/quotes/author/merle-shain/) > [Being ill like this combines shock - this time I will die - with a pain and agony that are unfamiliar, that wrench me…](https://sms4smile.com/quotes/harold-brodkey/being-ill-like-this-combines-shock-this-time-i-will-die-with-a-pain/) [Harold Brodkey](https://sms4smile.com/quotes/author/harold-brodkey/) > [“Anger was a reliable defense, but one that allowed no chance of final victory. Anger was a medicine but never a cure, briefly numbing…](https://sms4smile.com/quotes/dean-koontz/anger-was-a-reliable-defense-but-one-that-allowed-no-chance-of-final/) [Dean Koontz](https://sms4smile.com/quotes/author/dean-koontz/) > [Love masters agony; the soul that seemed Forsaken feels her present God again And in her Father's arms Contented dies away.](https://sms4smile.com/quotes/john-keble/love-masters-agony-the-soul-that-seemed-forsaken-feels-her-present/) [John Keble](https://sms4smile.com/quotes/author/john-keble/) > [As we look upon that agony and those tearful prayers, let us not only look with thankfulness; but let that kneeling Saviour teach us…](https://sms4smile.com/quotes/alexander-maclaren/as-we-look-upon-that-agony-and-those-tearful-prayers-let-us-not-only/) [Alexander MacLaren](https://sms4smile.com/quotes/author/alexander-maclaren/) ## 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 Agony quotes > [Many Republicans have always reminded me of professional WWF wrestlers. They come into the ring all pumped up and acting like they're invincible and…](https://sms4smile.com/quotes/paul-feig/many-republicans-have-always-reminded-me-of-professional-wwf/) [Paul Feig](https://sms4smile.com/quotes/author/paul-feig/) > [“aaron would not come out aaron entered into agony.”](https://sms4smile.com/quotes/william-goldman/aaron-would-not-come-out-aaron-entered-into-agony/) [William Goldman](https://sms4smile.com/quotes/author/william-goldman/) > [ “\[W\]e must learn to accommodate ourselves to the discovery that some of those cunningly-fashioned instruments called human souls have only a very limited range… ](https://sms4smile.com/quotes/george-eliot/w-e-must-learn-to-accommodate-ourselves-to-the-discovery-that-some-of/) [George Eliot](https://sms4smile.com/quotes/author/george-eliot/) > [As we look upon that agony and those tearful prayers, let us not only look with thankfulness; but let that kneeling Saviour teach us…](https://sms4smile.com/quotes/alexander-maclaren/as-we-look-upon-that-agony-and-those-tearful-prayers-let-us-not-only/) [Alexander MacLaren](https://sms4smile.com/quotes/author/alexander-maclaren/) > [Love masters agony; the soul that seemed Forsaken feels her present God again And in her Father's arms Contented dies away.](https://sms4smile.com/quotes/john-keble/love-masters-agony-the-soul-that-seemed-forsaken-feels-her-present/) [John Keble](https://sms4smile.com/quotes/author/john-keble/) > [I have seen war. I have seen war on land and sea. I have seen blood running from the wounded. I have seen men…](https://sms4smile.com/quotes/franklin-d-roosevelt/i-have-seen-war-i-have-seen-war-on-land-and-sea-i-have-seen-blood/) [Franklin D. Roosevelt](https://sms4smile.com/quotes/author/franklin-d-roosevelt/) > [“Anger was a reliable defense, but one that allowed no chance of final victory. Anger was a medicine but never a cure, briefly numbing…](https://sms4smile.com/quotes/dean-koontz/anger-was-a-reliable-defense-but-one-that-allowed-no-chance-of-final/) [Dean Koontz](https://sms4smile.com/quotes/author/dean-koontz/) > [The cure is in the house, not brought by other hands from distant places, but by its own, in agony and blood.](https://sms4smile.com/quotes/aeschylus/the-cure-is-in-the-house-not-brought-by-other-hands-from-distant/) [Aeschylus](https://sms4smile.com/quotes/author/aeschylus/) > [Sometimes, a lie is told in kindness. I don't believe it ever works kindly. The quick pain of truth can pass away, but the…](https://sms4smile.com/quotes/john-steinbeck/sometimes-a-lie-is-told-in-kindness-i-don-t-believe-it-ever-works/) [John Steinbeck](https://sms4smile.com/quotes/author/john-steinbeck/) > [The young man shivered. He rolled the stock themes of fantasy over in his mind: cars and stockbrokers and commuters, housewives and police, agony…](https://sms4smile.com/quotes/neil-gaiman/the-young-man-shivered-he-rolled-the-stock-themes-of-fantasy-over-in/) [Neil Gaiman](https://sms4smile.com/quotes/author/neil-gaiman/) > [Being ill like this combines shock - this time I will die - with a pain and agony that are unfamiliar, that wrench me…](https://sms4smile.com/quotes/harold-brodkey/being-ill-like-this-combines-shock-this-time-i-will-die-with-a-pain/) [Harold Brodkey](https://sms4smile.com/quotes/author/harold-brodkey/) > [One often learns more from ten days of agony than ten years of contentment.](https://sms4smile.com/quotes/merle-shain/one-often-learns-more-from-ten-days-of-agony-than-ten-years-of/) [Merle Shain](https://sms4smile.com/quotes/author/merle-shain/) > [There’s been a problem, a problem eating away at me from the inside out. I’ve become weak, I’ve shown human compassion, and it has…](https://sms4smile.com/quotes/kane/there-s-been-a-problem-a-problem-eating-away-at-me-from-the-inside/) [Kane](https://sms4smile.com/quotes/author/kane/) > [Pay special attention to their agony so I might take some pleasure.](https://sms4smile.com/quotes/euripides/pay-special-attention-to-their-agony-so-i-might-take-some-pleasure/) [Euripides](https://sms4smile.com/quotes/author/euripides/) > [Die, enemies of Ra!" Sekhemet yelled. "Perish in agony!" "She's almost as annoying as you," I told Horus. "Impossible," Horus said. "No one bests…](https://sms4smile.com/quotes/rick-riordan/die-enemies-of-ra-sekhemet-yelled-perish-in-agony-she-s-almost-as/) [Rick Riordan](https://sms4smile.com/quotes/author/rick-riordan/) [Browse all 813 Agony quotes ](https://sms4smile.com/quotes/about/agony/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "We don't like trading agony for money", "creator": { "@type": "Person", "name": "Charlie Munger" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/charlie-munger/we-don-t-like-trading-agony-for-money/", "about": { "@type": "Thing", "name": "Agony" }, "@id": "https://sms4smile.com/quotes/charlie-munger/we-don-t-like-trading-agony-for-money/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/a8e/charlie-munger-458_agony_we-don-t-like-trading-agony-for-money-26_2628786.jpg", "contentUrl": "https://sms4smile.com/quotes/i/a8e/charlie-munger-458_agony_we-don-t-like-trading-agony-for-money-26_2628786.jpg", "url": "https://sms4smile.com/quotes/i/a8e/charlie-munger-458_agony_we-don-t-like-trading-agony-for-money-26_2628786.jpg", "width": 1080, "height": 1080, "caption": "“We don't like trading agony for money” — 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": "We don't like trading agony for...", "item": "https://sms4smile.com/quotes/charlie-munger/we-don-t-like-trading-agony-for-money/" } ], "@id": "https://sms4smile.com/quotes/charlie-munger/we-don-t-like-trading-agony-for-money/#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 } } ] } ```