A Quote by Charlie Munger

We try more to profit from always remembering the obvious than from grasping the esoteric. — © Charlie Munger
We try more to profit from always remembering the obvious than from grasping the esoteric.
The successful producer of an article sells it for more than it cost him to make, and that's his profit. But the customer buys it only because it is worth more to him than he pays for it, and that's his profit. No one can long make a profit producing anything unless the customer makes a profit using it.
Most teachers of self-discovery have two types of students. They have students they deal with in a more exoteric way than the esoteric students. Esoteric truths are presented to usually a smaller group of students.
I try to build on our management philosophy. I try to understand what the threats and opportunities are for us. Uh, I try to make sure that we're driving innovation and creative destruction hard enough so we're not blindsided, and that our attitude is to, in starting any initiative, any business, is to focus on how we can create value for others, rather than how we maximize profit, because you can make money focusing on, "How do I maximize profit?"
No matter how well you think you've hidden, you'll always leave behind a trace. And the more you try to hide that trace, the more obvious and troublesome it will become.
The Qur'an is in many ways far less concrete than the Bible, relying on the esoteric more often than the apparent.
the inferred is always more effective than the obvious.
Here's the problem: Profiteers haunt America, and for everything we try to control, someone's going to profit from it, more than you control it.
Two things, Christian reader, particularly excite the will of man to good. A principle of justice is one, the other the profit we may derive therefrom. All wise men, therefore, agree that justice and profit are the two most powerful inducements to move our wills to any undertaking. Now, though men seek profit more frequently than justice, yet justice is in itself more powerful.
Procrastination is hardly more evil than grasping impatience.
It is better to try something and fail than to try nothing and succeed. The result may be the same, but you won't be. We always grow more through defeats than victories.
Always try to associate yourself with and learn as much as you can from those who know more than you do, who do better than you, who see more clearly than you.
Business is about profit, yes, and it is about more than profit. At its best, it is about expanding the possibilities of humanity.
For those of us who try to keep remembering, Try to do our better than our best. Think of all the children in the drifts of snow. Winners never quit, but winters never rest.
I always try to look at things as though I were remembering them three years later.
...there is no more strategic issue for a company, or any organization, than its ultimate purpose. For those who think business exists to make a profit, I suggest they think again. Business makes a profit to exist. Surely it must exist for some higher, nobler purpose than that.
The obvious choice isn't always the best choice, but sometimes, by golly, it is. I don't stop looking as soon I find an obvious answer, but if I go on looking, and the obvious-seeming answer still seems obvious, I don't feel guilty about keeping it.
This site uses cookies to ensure you get the best experience. More info...
Got it!