A Quote by Charlie Munger

Understanding both the power of compound interest and the difficulty of getting it is the heart and soul of understanding a lot of things. — © Charlie Munger
Understanding both the power of compound interest and the difficulty of getting it is the heart and soul of understanding a lot of things.
You know, this dialogue is only helpful when we come, both of us, to a point where we realize that no dialogue is possible, that no dialogue is necessary. When I say understanding or seeing, they mean something different to me. Understanding is a state of being where the question isn't there any more. There is nothing there that says, "Now I understand!" That's the basic difficulty between us. By understanding what I am saying, you are not going to get anywhere.
Vampire have their own understanding what freedom is because they just live much longer and they feel they are a superior race and they have their own understanding and their understanding represents the understanding of some people, that - who has the power of course has to rule the world.
We speak of memorizing as getting something 'by heart,' which really means 'by head.' But getting a poem or prose passage truly 'by heart' implies getting it by mind and memory and understanding and delight.
There is a third silent party to all our bargains. The nature and soul of things takes on itself the guaranty of the fulfillment of every contract, so that honest service cannot come to loss. If you serve an ungrateful master, serve him the more. Put God in your debt. Every stroke shall be repaid. The longer the payment is withholden, the better for you; for compound interest on compound interest is the rate and usage of this exchequer.
Many of the greatest tyrants on the records of history have begun their reigns in the fairest manner. But the truth is, this unnatural power corrupts both the heart and the understanding.
They may then be willing to cast principled votes based on an educated understanding of the public interest in the face of polls suggesting that the public itself may have quite a different understanding of where its interest lies.
The understanding soul prays; the praying soul gets understanding.
A new understanding of power is replacing our old understanding of power as the ability to manipulate and control. The old understanding of power has become counterproductive to our evolution. What used to be good medicine has become poisonous. Pursuit of the ability to manipulate and control now produces only violence and destruction.
Language is inexorably tied to power and understanding. And power and understanding are the roots of magic. Just the act of writing something down is a magical act.
The only answer to fear is more understanding. And there is no understanding if there is no effort to look more deeply to see what is there in our heart and in the heart of the other person.
Alchemy and Kabbalah are later developments in my thinking. I think the primary interest has been the relationship of magic and mystery to logic and understanding. Those are the primary driving forces of my life. I have this ability, for some reason, to be able to hold both the Magical MysteryTour we're on in conjunction with the logical rigor of understanding theoretical physics, which makes me kind of a rare bird, because usually you're one or the other.
Art is a form of understanding like philosophy and science and mathematics are an understanding but the difference is that art has the capacity to hold all these different things. It is the form of understanding that is best suited for the contemporary time.
It has pleased God that divine verities should not enter the heart through the understanding, but the understanding through the heart.
I don't think a guy that really has no understanding about people, or has no interest in understanding people would make a good film composer.
A lot of the demonstrations that I do, when I get inside peoples minds, is understanding human behavior and understanding how people think and getting their patterns down so I know how to create the illusion that I get inside their brain.
Muscle mass does not always equal strength. Strength is kindness and sensitivity. Strength is understanding that your power is both physical and emotional. That it comes from the body and the mind. And the heart.
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