Charlie Munger

I’d rather throw a viper down my shirt front than hire a compensation consultant.

Charlie Munger

I’m not entitled to have an opinion unless I can state the arguments against my position better than the people who are in opposition. I think that I am qualified to speak only when I’ve reached that state.

Charlie Munger

I’m proud to be associated with the value system at Berkshire Hathaway; I think you’ll make more money in the end with good ethics than bad.

Charlie Munger

If it is wisdom you’re after, you’re going to spend a lot of time on your ass reading.

Charlie Munger

If you can buy the best companies, over time the pricing takes care of itself.

Charlie Munger

If you get into the mental habit of relating what you’re reading to the basic structure of the underlying ideas being demonstrated, you gradually accumulate some wisdom.

Charlie Munger

In engineering, people have a big margin of safety. But in the financial world, people don’t give a damn about safety. They let it balloon and balloon and balloon. It’s aided by false accounting.

Charlie Munger

It’s a good habit to trumpet your failures and be quiet about your successes.

Charlie Munger

It’s not greed that drives the world, but envy.

Charlie Munger

Just as a man working with his tools should know its limitations, a man working with his cognitive apparatus must know its limitations.

Charlie Munger