Stock-picking is like gambling: those who win well, seldom bet, but when they do, they bet heavily.
Charlie MungerThe cash register did more for human morality than the Congregational Church. It was a really powerful phenomenon to make an economic system work better, just as, in reverse, a system that can be easily defrauded ruins a civilization. A system that's very hard to defraud, like a cash register, helped the economic performance of a civilization by reducing vice, but very few people within economics talk about it in those terms.
Charlie MungerYou must force yourself to consider opposing arguments. Especially when they challenge your best loved ideas.
Charlie MungerI remember the $0.05 hamburger and a $0.40-per-hour minimum wage, so I've seen a tremendous amount of inflation in my lifetime. Did it ruin the investment climate? I think not.
Charlie Munger