Our success has come from the lack of oversight we've provided, and our success will continue to be from a lack of oversight. But if you're going to provide minimal oversight, you have to buy carefully. It's a different model from GE's. GE's works - it's just very different from ours.
Charlie MungerIf you skillfully follow the multidisciplinary path, you will never wish to come back. It would be like cutting off your hands.
Charlie MungerAccounting incomes were reduced by discrepancy [ but] "the net amount paid by lawyers for lawyerly discrepancy is close to zippo. In this case, the goddess of justice was blind.
Charlie MungerIf you always tell people why, they'll understand it better, they'll consider it more important, and they'll be more likely to comply.
Charlie Munger