Charlie Munger: Use

Charlie Munger is American business magnate, lawyer, investor, and philanthropist. Explore interesting quotes on use.

Charlie Munger: 18 quotes 0 likes

“You have to learn all the big ideas in the key disciplines in a way that they're in a mental latticework in your head and you automatically use them for the rest of your life. If you do that, I solemnly promise you that one day you'll be walking down the street and you'll look to your right and left and you’ll think "my heavenly days, I'm now one of the few competent people in my whole age cohort."”

Charlie Munger

If you don't do it, many of the brightest of you will live in the middle ranks or in the shallows.
USC Law School Commencement Speech http://genius.com/Charlie-munger-usc-law-commencement-speech-annotated (2007-05-13)

Life , People , Age , Way

“Our investment style has been given a name - focus investing - which implies ten holdings, not one hundred or four hundred. The idea that it is hard to find good investments, so concentrate in a few, seems to me to be an obvious idea. But 98% of the investment world does not think this way. It's been good for us.”

Charlie Munger

Poor Charlie's Almanack, p. 100

World , Way , Idea , Thinking

“You can't give the average Wall Street CEO really lenient standards of accounting and expect the figures to be good. The accountant is like the referee in soccer. The accountant has to be the adult that prevents the mayhem. Accountants don't want to be the adults because it causes liability, it causes responsibility, it causes difficulty ... they failed us terribly.”

Charlie Munger

[A Conversation with Charlie Munger, Ross School of Business, YouTube, March 22, 2011, https://www.youtube.com/watch?v=Pph3Bg8Pihg] (quote at 23:30 of 1:59:58)