751 Quotes by Charlie Munger

They made a mistake. And it was an easy mistake to make. I don't regard setting incentives aggressively as a mistake. I think the mistake was, when the bad news came, they didn't recognize it directly. I don't think that impairs the future of Wells Fargo. They'll be better for it.

Alternatives to gold and currency and to make a big speculative vehicle - I never considered for one second having anything to do with it. I detested it the minute it had been raised.

If you're glued together right and honorable, you will succeed. Get in there and get rid of stupidities and avoid bad people. Try teaching that to your grandchildren. The best way is by example. Fix yourself.

Wells Fargo had a glitch - the truth of the matter is they made a business judgement that was wrong. I don't think anything is fundamentally wrong.

If you're unhappy with what you've had over the last 50 years, you have an unfortunate misappraisal of life. It's as good as it gets, and it's very likely to get worse.

Investors can have 90% of their wealth in a single company, if it is the right company.

All intelligent investing is value investing – acquiring more than you are paying for. You must value the business in order to value the stock.

Intense interest in any subject is indispensable if you're really going to excel in it.

For one of the most successful business strategies is to be a contrarian investor— to go in the opposite direction — to buy when others are selling.