“Trying to minimize taxes too much is one of the great standard cuases of really dumb mistakes.”— Charles T. Munger, amazon.com
“We just look for no-brainer decisions. As Buffett and I say over and over again, we don't leap seven-foot fences.”— Charles T. Munger, amazon.com
“An undertaker, of course, would look very unseemly if he were jumping up and down and playing his fiddle during the plague.”— Charles T. Munger, amazon.com
“I sometimes tell my friends, "I'm doing the best I can. But I've never grown old before. I'm doing it for the first time. And I'm not sure that I'll do it right."”— Charles T. Munger, amazon.com
“In essence, we are going into the business of creating and maintaing conditioned reflexes.”— Charles T. Munger, amazon.com
“Academic psychology departments are immensely more important and useful than other academic departments think. And, at the same time, the psychology departments are immensely worse than most of their inhabitants think.”— Charles T. Munger, amazon.com
“Our game is to recognize a big idea when it comes along,when one doesn't come along very often. Opportunity comes to the prepared mind.”— Charles T. Munger, amazon.com
“Remember Louis Vincenti's rule: Tell the truth, and you won't have to remember your lies. It's such a simple concept.”— Charles T. Munger, amazon.com
“I read everything: annual reports, 10K's, 10Q's, biographies, histories, five newspapers a day. On airplanes, I read the instructions on the backs of the seats. Reading is key. Reading has made me rich over time.”— Charles T. Munger, Warren Buffett, amazon.com