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
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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 quote

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

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Charlie Munger

Charlie Munger

American business magnate, lawyer, investor, and philanthropist

January 1st, 1924 - November 28th, 2023