Phrase by 'Charlie Munger'
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I'm a great admirer of the Trump change of mind about China and making an ally out of China instead of screaming about their trade.
Author: Charlie Munger - American BusinessmanMind , Great , Change , China
I think people who multitask pay a huge price. They think they're being extra productive, and I think when you multitask so much you don't have time to think about anything deeply, you are giving the world an advantage you shouldn't do, and practically everybody is drifting into that mistake.
Author: Charlie Munger - American BusinessmanYou , People , Time , Mistake
A banker who is allowed to borrow money at X and loan it out at X plus Y will just go crazy and do too much of it if the civilization doesn't have rules that prevent it.
Author: Charlie Munger - American BusinessmanCrazy , Money , Will , Rules
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.
Author: Charlie Munger - American BusinessmanYou , People , Good , Believe
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.
Author: Charlie Munger - American BusinessmanDepression , Business , Change , Technology
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.
Author: Charlie Munger - American BusinessmanWork , Physics , Economics , Confident
Most people don't grab the right ideas or don't know what to do with them.
Author: Charlie Munger - American BusinessmanIdeas , People , Know , Right
A great business at a fair price is superior to a fair business at a great price.
Author: Charlie Munger - American BusinessmanGreat , Business , Price , Fair
It's a real pleasure to earn the trust of your customers slowly over time by doing what's right.
Author: Charlie Munger - American BusinessmanTime , Doing , Trust , Real
Look at this generation, with all of its electronic devices and multitasking. I will confidently predict less success than Warren, who just focused on reading.
Author: Charlie Munger - American BusinessmanLook , Reading , Success , Focused
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