I think corporate managers should learn to be better investors because it would make them better managers.
Charlie MungerI'm a bull on Berkshire Hathaway. There may be some considerable waiting, but I think there are some good days ahead.
Charlie MungerBeing short and seeing a promoter take the stock up is very irritating. It's not worth it to have that much irritation in your life.
Charlie MungerWe may well have a competitive advantage buying decent businesses at decent prices. But they won't be fabulous businesses and fabulous prices. There's too much competition and money out there, with many buyout specialists.
Charlie Munger...People need to ask, "How do I play the hand that has been dealt me?" The world is not going to give you extra return just because you want it. You have to be very shrewd and hard working to get a little extra. It's so much easier to reduce your wants. There are a lot of smart people and a lot of them cheat, so it's not easy to win.
Charlie Munger