Monday, May 7, 2012

Charlie Munger quotes

From Munger’s Friday CNBC interview:

“Berkshire has always tried to keep a culture where we act like we were having a recession when we aren’t.”


[After they discussed how Warren Buffett wants to be remembered as a teacher.]

Becky Quick: How do you want to be remembered?

Charlie Munger: Well I have a little different twist. I have less ambition than Warren of being a great teacher. I am trying to emulate my great grandfather. When he died they said about him, nobody envied the success so fairly won and wisely used. It’s a simple philosophy. Wouldn’t Wall Street have worked better if more people had tried to imitate my great grandfather?