Charlie Munger Quotes About Horses

Quotes about: Horses

• In the corporate world, if you have analysts, due diligence, and no horse sense, you've just described hell.

  Charlie Munger

  Horse, World, Due Diligence

• Berkshire was built on the eternal verities: basic mathematics, basic horse sense, basic fear, and basic diagnosis of human nature to make predictions regarding human behavior. We stuck to the basics with a certain amount of discipline and it has worked out quite well.

  Charlie Munger

  Horse, Discipline, Investing

• To us, investing is the equivalent of going out and betting against the pari-mutuel system. We look for a horse with one chance in two of winning, and that pays three to one. In other words, we're looking for a mispriced gamble. That's what investing is, and you have to know enough to know whether the gamble is mispriced.

  Charlie Munger

  Horse, Winning, Two

• I like people admitting they were complete stupid horses' asses. I know I'll perform better if I rub my nose in my mistakes. This is a wonderful trick to learn.

  Charlie Munger

  Horse, Mistake, Stupid

• The definition of hell in the legal system is: endless due process and no justice; (in the corporate world) it would be: endless due diligence and no horse sense.

  Charlie Munger

  Horse, Justice, Would Be

• We look for a horse with one chance in two of winning and which pays you three to one.

  Charlie Munger

  Horse, Winning, Two

• When I run into a paradox I think either I'm a total horse's ass to have gotten to this point, or I'm fruitfully near the edge of my discipline. It adds excitement to life to wonder which it is.

  Charlie Munger

  Running, Horse, Thinking

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