We only want what success we can get despite encouraging others to share our general view about reality.
Charlie MungerThe first chance you have to avoid a loss from a foolish loan is by refusing to make it; there is no second chance.
Charlie MungerOrganized common (or uncommon) sense -- very basic knowledge -- is an enormously powerful tool. There are huge dangers with computers. People calculate too much and think too little.
Charlie MungerIn my life there are not that many questions I can't properly deal with using my $40 adding machine and dog-eared compound interest table.
Charlie MungerI agree with Peter Drucker that the culture and legal systems of the United Statesare especially favorable to shareholder interests, compared to other interests and compared to most other countries. Indeed, there are many other countries where any good going to public shareholders has a very low priority and almost every other constituency stands higher in line.
Charlie Munger