Charlie Munger Zitate – Sprüche auf Englisch mit Übersetzung

Zitat des Tages von Charlie Munger:

I've got some advice for the young: If you've got anything you really want to do, don't wait until you're 93.

There's danger in just shoveling out money to people who say, 'My life is a little harder than it used to be.' At a certain place you've got to say to the people, 'Suck it in and cope, buddy. Suck it in and cope.'

Charlie Munger

I regard the bitcoin craze as totally asinine to create some manufactured currency.

Charlie Munger

I believe Costco does more for civilization than the Rockefeller Foundation. I think it's a better place. You get a bunch of very intelligent people sitting around trying to do good, I immediately get kind of suspicious and squirm in my seat.

Charlie Munger

A great business at a fair price is superior to a fair business at a great price.

Charlie Munger

I'm used to people with very high IQs knowing how to recognize reality, but there's a huge human tendency where it may be instructive to think that whatever you're doing to succeed is all right.

Charlie Munger

Economics profession, they've been - they've been confident in various formulas, but economics is not physics. The same formula that works in one decade doesn't work in the next. Economics is a difficult subject.

Charlie Munger

That's the last thing on Earth you should think about... There's just a whole lot of things that aren't going to work for you. Figure out what they are and avoid them like the plague. And one of them is bitcoin... It is total insanity.

Charlie Munger

Most people don't grab the right ideas or don't know what to do with them.

Charlie Munger

There's more honor in investment management than in investment banking.

Charlie Munger

It is one thing to think gold has some marvelous store of value because man has no way of inventing more gold or getting it very easily, so it has the advantage of rarity. Believe me, man is capable of somehow creating more bitcoin... They tell you there are rules and they can't do it. Don't believe them.

Charlie Munger

Who would want one's children growing up buying things like bitcoin? I hope to God my family doesn't buy it. It's noxious poison.

Charlie Munger

If any successes has come to me, it came because I insisted on thinking things through. That's all I was capable of doing in life, was thinking pretty hard about trying to get the right answer, and then acting on it. I never learned to do anything else.

Charlie Munger

When someone takes their existing business and tries to transform it into something else - they fail. In technology that is often the case. Look at Kodak: it was the dominant imaging company in the world. They did fabulously during the great depression, but then wiped out the shareholders because of technological change.

Charlie Munger

People are trying to be smart - all I am trying to do is not to be idiotic, but it's harder than most people think.

Charlie Munger

If you're glued together right and honorable, you will succeed. Get in there and get rid of stupidities and avoid bad people. Try teaching that to your grandchildren. The best way is by example. Fix yourself.

Charlie Munger

Wall Street has too much wealth and political power.

Charlie Munger

Everyone has the idea of owning good companies. The problem is that they have high prices in relations to assets and earnings, and that takes all of the fun out of the game.

Charlie Munger

I've got some advice for the young: If you've got anything you really want to do, don't wait until you're 93.

Charlie Munger

It's remarkable how much long-term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be very intelligent.

Charlie Munger

I think time and time again, in reality, psychological notions and economic notions interplay, and the man who doesn't understand both is a damned fool.

Charlie Munger