751 Quotes by Charlie Munger

I don’t want to sell credit to people who are going to hurt themselves with it. You should only sell products that are good for the people who use them. Some disagree with this, but I know I’m right. That is to say, you’re talking to a Republican who admires Elizabeth Warren.

How could economics not be behavioral? If it isn’t behavioral, what the hell is it?

It’s simplicity itself that its future will be way worse than its past.

Quoting Demosthenes, ‘For what each man wishes, that he also believes to be true.’ I would rather make money playing a piano in a whorehouse than arguing that no cost is incurred when employees are paid in stock options instead of cash. I am not kidding.

Mankind invented a system to cope with the fact that we are so intrinsically lousy at manipulating numbers. It’s called the graph.

It would be easier to screw up American Express than Coke or Gillette, but it’s an immensely strong business.

Avoid working directly under somebody you don’t admire and don’t want to be like.

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

It's remarkable how much long-term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be very intelligent.