Charlie Munger Quotes About Meetings

Quotes about: Meetings

• We don't have an isolated group [of senior managers] surrounded by servants. Berkshire's headquarters is a tiny little suite. We just came back from Berkshire's board meeting; it had moved up to the board room of the Kiewit company and [it was so large and luxurious that] I felt uncomfortable.

  Charlie Munger

  Senior, Groups, Boards

• I've heard that one-half of the students at elite schools want to go into private equity or hedge funds. They want to keep up with their age cohorts at Goldman. This can't possibly end well in terms of meeting these expectations.

  Charlie Munger

  School, Expectations, Age

• It would be one of the most irritating experiences in the world to do a lot of work to uncover a fraud and then at have it go from X to 3X and at h the crooks happily partying with your money while you're meeting margin calls. Why would you want to go within hailing distance of that?

  Charlie Munger

  Distance, Party, Crooks

  Charlie Munger's advice on investing at the 2006 Berkshire Hathaway Annual Meeting, www.tilsonfunds.com. May 6, 2006.

• The ethical rule is from Samuel Johnson who believed that maintenance of easily removable ignorance by a responsible office holder was treacherous malfeasance in meeting moral obligation. The prudential rule is that underlying the old Warner & Swasey advertisement for machine tools: "The man who needs a new machine tool, and hasn't bought it, is already paying for it". The Warner & Swasey rule also applies, I believe, to thinking tools. If you don't have the right thinking tools, you, and the people you seek to help, are already suffering from your easily removable ignorance.

  Charlie Munger

  Believe, Ignorance, Men

  Charlie Munger's speech at the Breakfast Meeting of the Philanthropy Roundtable in Washington, D.C., November 10, 2000.

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