Charlie Munger: Want

Charlie Munger is American business magnate, lawyer, investor, and philanthropist. Explore interesting quotes on want.
Charlie Munger: 18   quotes 0   likes

“What I would say is the single most important thing, if you want to avoid all the stupid errors, is knowing where you're competent and where you aren't. And that's very hard to do because the human mind naturally tries to make you think you're way smarter than you are.”

Charlie Munger

[A Conversation with Distinguished Alumnus Charles T. Munger (CERT '44, CAVU), December 17, 2020, Caltech, YouTube, https://www.youtube.com/watch?v=WaDU1J91hY8] (quote at 18:20 of 58:41)

Error , Thinking , Stupidity , Way

“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)

“We don't want to make our money selling things that are bad for people.”

Charlie Munger

[Berkshire Hathaway Shareholders Meeting 2021 featuring Warren Buffett and Charlie Munger, May 1, 2021, Yahoo Finance, YouTube, https://www.youtube.com/watch?v=gx-OzwHpM9k] (quote at 4:32:01 of 5:42:25)

Money , Bad luck , Making love , People