Author: Charlie Munger

Quotes

Gold is a great thing to sew into your garments if you're a Jewish family in Vienna in 1939, but I think civilized people don't buy gold, they invest in productive businesses.

Gold is a great thing to sew into your garments if you're a Jewish family in Vienna in 1939, but I think civilized people don't buy gold, they invest in productive businesses.

- Charlie Munger

It's a real pleasure to earn the trust of your customers slowly over time by doing what's right.

It's a real pleasure to earn the trust of your customers slowly over time by doing what's right.

- Charlie Munger

A banker who is allowed to borrow money at X and loan it out at X plus Y will just go crazy and do too much of it if the civilization doesn't have rules that prevent it.

A banker who is allowed to borrow money at X and loan it out at X plus Y will just go crazy and do too much of it if the civilization doesn't have rules that prevent it.

- Charlie Munger

The perfect example of Darwinism is what technology has done to businesses.

The perfect example of Darwinism is what technology has done to businesses.

- Charlie Munger

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.

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.

- Charlie Munger

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

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

- Charlie Munger

I'm a great admirer of the Trump change of mind about China and making an ally out of China instead of screaming about their trade.

I'm a great admirer of the Trump change of mind about China and making an ally out of China instead of screaming about their trade.

- Charlie Munger

I'm proud to be associated with the value system at Berkshire Hathaway; I think you'll make more money in the end with good ethics than bad.

I'm proud to be associated with the value system at Berkshire Hathaway; I think you'll make more money in the end with good ethics than bad.

- Charlie Munger

A great business at a fair price is superior to a fair business at a great price.

A great business at a fair price is superior to a fair business at a great price.

- Charlie Munger

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