Every business tries to turn this year's success into next year's greater success. It's hard for me to see why Microsoft is sinful to do this. If it's a sin, then I hope all of Berkshire Hathaway's subsidiaries are sinners. Someone whose salary is paid by U.S.taxpayers is happy to dramatically weaken the one place where we're winning big?!
Charlie MungerIn the corporate world, if you have analysts, due diligence, and no horse sense, you've just described hell.
Charlie MungerI never allow myself to have an opinion on anything that I don't know the other side's argument better than they do.
Charlie MungerPersonally, Iโve gotten so that I now use a kind of two-track analysis. First, what are the factors that really govern the interests involved, rationally considered? And second, what are the subconscious influences where the brain at a subconscious level is automatically conclusions in various ways โ which, by and large, are useful โ but which often malfunction? One approach is rationalityโฆ And the other is to evaluate the psychological factors that cause subconscious conclusions โ many of which are wrong.
Charlie Munger