A Quote by Charlie Munger

We're emphasizing the knowable by predicting how certain people and companies will swim against the current. We're not predicting the fluctuation in the current. — © Charlie Munger
We're emphasizing the knowable by predicting how certain people and companies will swim against the current. We're not predicting the fluctuation in the current.
That has been my entire life story. Running against the current and running with the current. Sometimes running with the current is underestimated. The acceptance of certain realities doesn’t preclude idealism. It can lead to certain breakthroughs.
I typically don't get into predicting the success of my projects. I've been involved with a lot of projects that I thought should have really gained notoriety and furthered my career, only to be met with the cold grasp of disappointment. So I typically stay away from predicting how a film will do.
To understand the difficulty of predicting the next 100 years, we have to appreciate the difficulty that the people of 1900 had in predicting the world of 2000.
I am not predicting here that Obama will fail like Jimmy Carter. What I am predicting is the Republican Party is not extinct and will after a period of time become a strong opposition party.
I find that predicting the course of our lives is like predicting the weather. You might be able to predict your future in the short term, but the longer you look ahead, the less likely you are to be correct.
The line is "So we beat on, boats against the current, born back ceaselessly into the past." We've interpreted it as the meaning of us [when we] went against the current, against the grain and did what felt natural to us...regardless of what we thought we were supposed to be doing. We threw all of that out the window. We existed how we wanted to.
I believe there is true expertise in some endeavors, and not in others. There is obviously no such thing as expertise in predicting the results of coin tosses, but there is expertise in predicting the behavior of lasers.
...most men and women will yield to the strong currents sucking them into the seas of ruin. Only the strongest in mind and spirit will swim against that current.
The stream of passing years is like a river with people being carried along in the current. Some are swept along, protesting, fighting all the way, trying to swim back up the stream, longing for the shores that they have passed, clutching at anything to retard their progress, frightened by the onward rush of the strong current and in danger of being overwhelmed by the waters. Others go with the current freely, trusting themselves to the buoyancy of the water.
Markets work best when there's lots of information available and a historical track record to go on; they excel at predicting things like horse races, election outcomes, and box-office results. But they're bad at predicting things like who will be the next Supreme Court nominee, as that depends on the whim of the president.
You can think of individuals as differ­ent light bulbs. There will be a differences in wattage and in color. There will be differences in shape, but everywhere the current is the same. That current is who you are. You are not the individual bulb. You are the one current in all.
Magnetic current is the same as electric current. Current is [actually] the wrong expression. Really it is not one current, they are two currents, one current is composed of North Pole individual magnets in concentrated streams and the other is composed of South Pole individual magnets in concentrated streams, and they are are running one stream against the other stream in whirling, screwlike fashion, and with high speed.
That has been my entire life story, running against the current and running with the current. Sometimes running with the current is underestimated.
He who wants to get to the source must swim against the current.
Within 2 years Im predicting...that youre going to see a suitcase nuke in this country. Youre probably going to see a release in a few years of something communicable. & I am predicting that you will see a lot of conventional bombings...in the next year or so.
Companies cannot really see beyond their current customer base. They explicitly or implicitly do things to protect their current customers. And the last person to want real change is your customer. This is why most new ideas come from small companies that have nothing to lose.
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