Once you get into debt, itโs hell to get out. Donโt let credit card debt carry over. You canโt get ahead paying eighteen percent.
Charlie MungerWe have never had the will to enforce the immigration laws. What you see is what you'll continue to get.
Charlie MungerHow do you compete against a true fanatic? You can only try to build the best possible moat and continuously attempt to widen it.
Charlie MungerIt is an unfortunate fact that great and foolish excess can come into prices of common stocks in the aggregate. They are valued partly like bonds, based on roughly rational projections of use value in producing future cash. But they are also valued partly like Rembrandt paintings, purchased mostly because their prices have gone up, so far.
Charlie Munger