Charlie Munger Quotes About Inflation

Quotes about: Inflation

• Most people will see declining returns [due to inflation]. One of the great defenses if you're worried about inflation is not to have a lot of silly needs in your life - you don't need a lot of material goods.

  Charlie Munger

  Silly, People, Needs

  Charlie Munger's remarks at the 2004 Berkshire Hathaway Annual Meeting in Omaha, Nebraska, www.tilsonfunds.com. May 1, 2004.

• I see almost no change in the price of the composite product that flows through Costco I don't feel sorry for the people who pay $27 million for an 8,000-square-foot condo in Manhattan. So inflation comes in places.

  Charlie Munger

  Sorry, Squares, Feet

• I remember the $0.05 hamburger and a $0.40-per-hour minimum wage, so I've seen a tremendous amount of inflation in my lifetime. Did it ruin the investment climate? I think not.

  Charlie Munger

  Thinking, Climate, Minimum Wage

• I think democracies are prone to inflation because politicians will naturally spend [excessively] - they have the power to print money and will use money to get votes. If you look at inflation under the Roman Empire, with absolute rulers, they had much greater inflation, so we don't set the record. It happens over the long-term under any form of government.

  Charlie Munger

  Thinking, Government, Long

  Charlie Munger's remarks at the 2004 Wesco Annual Meeting in Pasadena, California, www.tilsonfunds.com. May 5, 2004.

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