A Quote by Charlie Munger
I think the reason why we got into such idiocy in investment management is best illustrated by a story that I tell about the guy who sold fishing tackle. I asked him, "My God, they're purple and green. Do fish really take these lures?" And he said, "Mister, I don't sell to fish." Investment managers are in the position of that fishing tackle salesman.
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Personally I am very fond of strawberries and cream, but I have found that for some strange reason, fish prefer worms. So when I went fishing, I didn’t think about what I wanted. I thought about what they wanted. I didn't bait the hook with strawberries and cream. Rather, I dangled a worm or grasshopper in front of the fish and said: "Wouldn't you like to have that?" Why not use the same common sense when fishing for people?
There is no need for an end to fish, or to fishing for that matter. But there is an urgent need for governments to free themselves from the fishing-industrial complex and its Ponzi scheme, to stop subsidizing the fishing-industrial complex and awarding it fishing rights, when it should in fact pay for the privilege to fish.
You know how sometimes you meet writers that are so full of themselves? They feel really proud that they wrote something . But what they don't understand - and I like to tell this to writers - is that writing is like fishing. It's just like fishing. If you don't fish that often, you're not going to catch that many fish.
There are two distinct visits to tackle-shops, the visit to buy tackle and the visit which may be described as Platonic when, being for some reason unable to fish, we look for an excuse to go in, and waste the tackle dealer's time.
[Writing is like fishing]. You don't bow because you made the fish. That's the difference. If you know that, then you bow for your labor.You crafted, you worked, you put in those hours so that you could catch that fish. But you didn't make that fish. You just caught the fish. That will help you stay humble and bow for the right reason and be very lucid about the work you do.
If you want to maintain a sustainable supply of fish you have to farm the fish, rather than mine them. So putting your money into fishing fleets that are going to exacerbate the problem by over-fishing is not the way to preserve the underlying asset.
Mobile is a seaport town, and we ate a lot of seafood. We'd go fishing, we'd catch our fish and we'd eat our fish. It was a ritual on Saturday morning for all my family - my grandfather, my brothers, my uncles, my father - to go fishing, and then the ladies of the family would clean the fish and fry them up.
I like to catch fish and release them. I probably haven't killed a fish that I've caught in sport fishing for 20 years. No reason to kill it. You know, just take it and release it.
The biggest danger we face is overfishing. We literally could fish out our oceans, some scientists believe, in the next 40, 50, 60 years. We are fishing out the top of the food chain, and it's pretty crucial because about 200 million people depend on fish and fishing for their livelihood, and about a billion people, mostly in poorer countries, depend on fish for their protein. So this is a big problem. Good news is, it's fixable.
According to the group People for the Ethical Treatment of Animals, fish have feelings too. Whenever my sons go fishing they always tell me, "Dad it doesn't hurt a fish to get hooked." Well I watch and I see and I believe it's painful for the fish.
If you ever wondered why fishing is probably the most popular sport in this country, watch that boy beside on the water and you will learn. If you are really perceptive you will. For he already knows that fishing is only one part fish.
A man fishes for two reasons: he’s either sport fishing or fishing to eat, which means he’s either going to try to catch the biggest fish he can, take a picture of it, admire it with his buddies and toss it back to sea, or he’s going to take that fish on home, scale it, fillet it, toss it in some cornmeal, fry it up, and put it on his plate. This, I think, is a great analogy for how men seek out women.
To go fishing is the chance to wash one's soul with pure air, with the rush of the brook, or with the shimmer of sun on blue water. It brings meekness and inspiration from the decency of nature, charity toward tackle-makers, patience toward fish, a mockery of profits and egos, a quieting of hate, a rejoicing that you do not have to decide a darned thing until next week. And it is discipline in the equality of men - for all men are equal before fish.
I go to Alaska and fish salmon. I do some halibut fishing, lake fishing, trout fishing, fly fishing. I look quite good in waders. I love my waders. I don't think there is anything sexier than just standing in waders with a fly rod. I just love it.
Fish sense, applied in the field, is what the old Zen masters would call enlightenment: simply the ability to see what's right there in front of you without having to sift through a lot of thoughts and theories and, yes, expensive fishing tackle.
Loads of overtaking is boring. You go fishing and you catch a fish every ten minutes and it's boring. But if you site there all day, and you catch one mega fish, you come back with stories that you caught a fish this big (indicates a big fish), intead of this size (indicating a small fish)
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