Charlie Munger Quotes About Today

Quotes about: Today

• No CEO examining books today understands what the hell is going on.

  Charlie Munger

  Book, Today, Hell

• People have always had this craving to have someone tell them the future. Long ago, kings would hire people to read sheep guts. There's always been a market for people who pretend to know the future. Listening to today's forecasters is just as crazy as when the king hired the guy to look at the sheep guts.

  Charlie Munger

  Kings, Crazy, Sheep

• I think we have some special talents. That being said, I think it's dangerous to rely on special talents - it's better to own lots of monopolistic businesses with unregulated prices. But that's not the world today. We have made money exercising our talents and will continue to do so.

  Charlie Munger

  Exercise, Thinking, Special

• In investment management today, everybody wants not only to win, but to have a yearly outcome path that never diverges very much from a standard path except on the upside. Well, that is a very artificial, crazy construct. That's the equivalent in investment management to the custom of binding the feet of Chinese women

  Charlie Munger

  Crazy, Winning, Feet

• If you have only a little capital and are young today, there are fewer opportunities than when I was young. Back then, we had just come out of a depression. Capitalism was a bad word. There had been abuses in the 1920s. A joke going around then was the guy who said, 'I bought stock for my old age and it worked - in six months, I feel like an old man!' "It's tougher for you, but that doesn't mean you won't do well - it just may take more time. But what the heck, you may live longer."

  Charlie Munger

  Mean, Opportunity, Men

• The Internet bubble circa 2000 is the most extreme in modern capitalism. In the 1930s, we had the worst depression in 600 years. Today is almost as extreme in the opposite way.

  Charlie Munger

  Years, Opposites, Today

• 'Crowd folly', the tendency of humans, under some circumstances, to resemble lemmings, explains much foolish thinking of brilliant men and much foolish behavior - like investment management practices of many foundations represented here today. It is sad that today each institutional investor apparently fears most of all that its investment practices will be different from practices of the rest of the crowd.

  Charlie Munger

  Men, Thinking, Practice

  "Charlie Munger: The Complete Investor". Book by Tren Griffin, September 15, 2015.

• The general systems of money management [today] require people to pretend to do something they can't do and like something they don't. It's a terrible way to spend your life, but it's very well paid.

  Charlie Munger

  People, Today, Way

  Charlie Munger's investment advice at the 2003 Berkshire Hathaway Annual Meeting, www.tilsonfunds.com. May 3, 2003.

• Almost all good businesses engage in 'pain today, gain tomorrow' activities.

  Charlie Munger

  Pain, Today, Gains

• In the 1930s, there was a stretch where you could borrow more against the real estate than you could sell it for. I think that's what's going on in today's private-equity world.

  Charlie Munger

  Real, Thinking, World

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

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