Charlie Munger Good Quotations

I believe Costco does more for civilization than the Rockefeller Foundation. I think it's a better place. You get a bunch of very intelligent people sitting around trying to do good, I immediately get kind of suspicious and squirm in my seat.

Everyone has the idea of owning good companies. The problem is that they have high prices in relations to assets and earnings, and that takes all of the fun out of the game.

This is a good life lesson: getting the right people into your system is the most important thing you can do.

Just avoid things like racing trains to the crossing, doing cocaine, etc. Develop good mental habits.

I'm a bull on Berkshire Hathaway. There may be some considerable waiting, but I think there are some good days ahead.

We want very good leaders who have a lot of power.

If you want to understand science, you have to understand math. In business, if you're enumerate, you're going to be a klutz. The good thing about business is that you don't have to know any higher math....

Good businesses can survive a little bad management.