Home Life Insurance The Greatest Charlie Munger Quotes on Enterprise, Life and Extra

The Greatest Charlie Munger Quotes on Enterprise, Life and Extra

The Greatest Charlie Munger Quotes on Enterprise, Life and Extra


“Alan Greenspan is a great man,” Munger mentioned. “He simply completely overdosed on Ayn Rand at a younger age.”

Years later, he criticized residents of Greece for pondering they might vote themselves wealthy as their nation struggled with debt. And he didn’t spare Wall Road.

“What do you suppose a derivatives buying and selling desk is? It’s a on line casino in drag,” Munger mentioned in 2015. “They make the witch docs look good.”


Munger was usually a critic of cryptocurrencies, calling Bitcoin “noxious poison” and warning that digital belongings have been “partly fraud and partly delusion.”

“That’s a foul mixture,” Munger mentioned in a 2022 interview with CNBC. “I don’t like both fraud or delusion. And the delusion could also be extra excessive than the fraud.”


Munger, who usually supported Republican causes, by no means shied away from expressing his opinions about both main political social gathering. In 2017, he mentioned Republican leaders risked going too far of their efforts to chop again on oversight of banks.

“My fellow Republicans — those taking away all this regulation of main finance — I believe that’s bonkers,” Munger mentioned in 2017.

He criticized former President Donald Trump forward of the 2016 election, however he additionally mentioned Sen. Bernie Sanders was too centered on revenue inequality.

“As an mental he’s a shame,” Munger mentioned of Sanders on the time. “Now, I don’t suppose he’s any worse than a few of our Republicans. However a minimum of they’re loopy otherwise.”


Munger and Buffett’s greatest draw was usually the way in which the pair merely introduced complicated enterprise concepts. For Berkshire’s fiftieth anniversary, Munger laid out the historical past in a five-page letter and summed up why the conglomerate did so nicely.

As as to if Berkshire’s path had implications elsewhere, he mentioned the reply was “plainly sure.”

“In its early Buffett years, Berkshire had an enormous process forward: turning a tiny stash into a big and helpful firm,” Munger mentioned. “And it solved that downside by avoiding paperwork and relying a lot on one considerate chief for a protracted, very long time as he saved enhancing and introduced in additional folks like himself.

“Examine this to a typical big-corporation system with a lot paperwork at headquarters and a protracted succession of CEOs who are available in at about age 59, pause little thereafter for quiet thought, and are quickly compelled out by a hard and fast retirement age,” he defined.

(Proven in picture: Charles Munger (left) and Warren Buffett; credit score: Bloomberg)

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