A Quote by Charlie Munger

You have to know accounting. It's the language of practical business life. It was a very useful thing to deliver to civilization. I've heard it came to civilization through Venice which of course was once the great commercial power in the Mediterranean. However, double entry bookkeeping was a hell of an invention.

Charlie Munger

Quote Topics

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Quote Author

Charlie Munger
American - Businessman
Born: January 1, 1924

Creative accounting is an absolute curse to a civilization. One could argue that double-entry bookkeeping was one of history's great advances. Using accounting for fraud and folly is a disgrace. In a democracy, it often takes a scandal to trigger reform. Enron was the most obvious example of a business culture gone wrong in a long, long time.

Charlie Munger

Few have heard of Fra Luca Pacioli, the inventor of double-entry bookkeeping; but he has probably had much more influence on human life than has Dante or Michelangelo.

Herbert J. Muller

My point is, as civilization is progressing, Mosaic law came down from the mountain, was handed to civilization, it emerged through the Greek civilization as the Greeks were developing their Age of Reason. And we're talking about the foundation of Western Civilization, and almost concurrently with that, Roman law was emerging as well.

Steve King

I also want to raise the possibility that there are, in the very long term, "virtue effects" in economics- for instance that widespread corrupt accounting will eventually create bad long term consequences as a sort of obverse effect from the virtue-based boost double-entry book-keeping gave to the heyday of Venice. I suggest that when the financial scene starts reminding you of Sodomand Gomorrah, you should fear practical consequences even if you like to participate in what is going on.

Charlie Munger

One... gets an impression that civilization is something which was imposed on a resisting majority by a minority which understood how to obtain possession of the means to power and coercion. It is, of course, natural to assume that these difficulties are not inherent in the nature of civilization itself but are determined by the imperfections of the cultural forms which have so far been developed.

Sigmund Freud

The invention of gunpowder and the constant improvement of firearms are enough in themselves to show that the advance of civilization has done nothing practical to alter or deflect the impulse to destroy the enemy, which is central to the very idea of war.

Carl von Clausewitz

Bitcoin represents the first major breakthrough in economics and finance since double-entry bookkeeping was invented in 1494, and activists need to embrace its power.

Max Keiser

Civilization - and by this I do not mean talking cinemas and tinned food, nor even surgery and hygienic houses, but the whole moral and artistic organization of Europe - has not in itself the power of survival. It came into being through Christianity, and without it has no significance or power to command allegiance ... It is no longer possible, as it was in the time of Gibbon, to accept the benefits of civilization and at the same time deny the supernatural basis on which it rests ... Christianity ... is in greater need of combative strength than it has been for centuries.

Evelyn Waugh

It has been the White Race who has been the world builder, the maker of cities and commerce and continents. It is the White Man who is the sole builder of civilizations. It was he who build the Egyptian civilization, the great unsurpassed Roman civilization, the Greek civilization of beauty and culture, and who, after having been dealt a serious blow by a new Semitic religion, wallowed through the Dark Ages, finally extricated himself, and then build the great European civilization.

Ben Klassen

To rescue from oblivion even a fragment of a language which men have used and which is in danger of being lost -that is to say, one of the elements, whether good or bad, which have shaped and complicated civilization -is to extend the scope of social observation and to serve civilization.

Victor Hugo

I'm a champion for western civilization and, yes, our English language is a big part of it. It's a carrier of freedom. Wherever the English language has gone globally, freedom went with it. Science technology has always lifted up the standard of living on average of everybody on the planet. I want more of that, not less. There are civilizations that produce very little, if any. This western civilization is a superior civilization, and we want to share it with everybody.

Steve King

The great lie is that it is civilization. It's not civilized. It has been literally the most blood thirsty brutalizing system ever imposed upon this planet. That is not civilization. That's the great lie, is that it represents civilization.

John Trudell

It's a curious thing, this thing we call civilization...we think it is an affair of epochs, and nations. It's really an affair of individuals. One brother will be civilized and the other a barbarian...All civilization comes through literature now, especially in our country. A Greek got his civilization by talking and looking, and in some measure a Parisian may still do it. But we, who live remote from history and monuments, we must read or we must barbarise.

William Dean Howells

Babies and language are the essential ingredients of civilization, and speakers of language no more know where it came from than babies know where they come from.

Charlton Laird

You have to understand accounting and you have to understand the nuances of accounting. It's the language of business and it's an imperfect language, but unless you are willing to put in the effort to learn accounting - how to read and interpret financial statements - you really shouldn't select stocks yourself