Charlie Munger quotes

Look at this generation, with all of its electronic devices and multitasking. I will confidently predict less success than Warren, who just focused on reading.

It's a real pleasure to earn the trust of your customers slowly over time by doing what's right.

A great business at a fair price is superior to a fair business at a great price.

When someone takes their existing business and tries to transform it into something else - they fail. In technology that is often the case. Look at Kodak: it was the dominant imaging company in the world. They did fabulously during the great depression, but then wiped out the shareholders because of technological change.

A great business at a fair price is superior to a fair business at a great price.

Wall Street has too much wealth and political power.

There's more honor in investment management than in investment banking.

When someone takes their existing business and tries to transform it into something else - they fail. In technology that is often the case. Look at Kodak: it was the dominant imaging company in the world. They did fabulously during the great depression, but then wiped out the shareholders because of technological change.