751 Quotes by Charlie Munger

The total amount paid out in dividends is roughly equal to the amount lost in trading and investment advice, so net dividends to shareholders are zero. This is a very peculiar way to run a republic.

Why should it be easy to do something that, if done well, two or three times, will make your family rich for life?

Intelligent people make decisions based on opportunity costs.

Stock-picking is like gambling: those who win well, seldom bet, but when they do, they bet heavily.

Wells Fargo behaves better than the average big bank. But nobody's perfect.

There are a lot of things in life way more important than money. All that said, some people do get confused. I play golf with a man who says, " What good is health? You can't buy money with it."

I think it would be a great improvement if there were no D&O insurance . The counter-argument is that no-one with any money would serve on a board. But I think net net you'd be better off.

I think there's something to be said for developing the disposition to own stocks without fretting.

It's dishonourable to stay stupider than you need to be