Proper accounting is like engineering. You need a margin of safety. Thank God we don't design bridges and airplanes the way we do accounting.
Charlie MungerThose of us who have been very fortunate have a duty to give back. Whether one gives a lot as one goes along as I do or a little and then a lot [when one dies] as Warrendoes is a matter of personal preference. I would hate to have people ask me for money all day long.
Charlie MungerWhy would you want to invest with a guy whose thought process says, "If a second layer of fees is good, then let's add a third layer.
Charlie MungerThe more hard lessons you can learn vicariously rather than through your own hard experience, the better.
Charlie Munger