A Quote by Charlie Munger

I regard it as very unfair, but capitalism without failure is like religion without hell. — © Charlie Munger
I regard it as very unfair, but capitalism without failure is like religion without hell.
Capitalism without failure is like religion without sin. Bankruptcies and losses concentrate the mind on prudent behavior.
I consider that the chief dangers which confront the coming century will be religion without the Holy Ghost, Christianity without Christ, forgiveness without repentance, salvation without regeneration, politics without God, and heaven without hell.
Capitalism without bankruptcy is like Christianity without hell.
There is a day coming when there will be a religion without repentance, a salvation without the Holy Ghost, a Heaven without Hell.
The cross is the foundation of the Bible: If you have not yet found out that Christ crucified is the foundation of the whole volume, you have hitherto read your Bible to very little profit. Your religion is a heaven without a sun, an arch without a keystone, a compass without a needle, a clock without a spring or weights, a lamp without oil. It will not comfort you; it will not deliver your soul from hell.
Genius is neither learned nor acquired. It is knowing without experience. It is risking without fear of failure. It is perception without touch. It is understanding without research. It is certainty without proof. It is ability without practice. It is invention without limitations. It is imagination without boundaries. It is creativity without constraints. It is...extraordinary intelligence!
These things will destroy the human race: politics without principle, progress without compassion, wealth without work, learning without silence, religion without fearlessness and worship without awareness.
Here's what I do believe very strongly: that once capitalism comes into existence, once it creates this mythology of a stingy nature, then that myth has to be exorcised. In other words, we have to get out of people's heads the idea that without a market economy, without egotism, competition, rivalry and self-interest, without all the technological advances that [Karl] Marx imputed to capitalism, we have to eliminate the feeling that we would sink into some kind of barbarism.
But my favorite of Einstein's words on religion is "Science without religion is lame. Religion without science is blind." I like this because both science and religion are needed to answer life's great questions.
Those who think religion has nothing to do with politics understand neither religion or politics... The things that will destroy us are: politics without principles, pleasures without conscience, knowledge without character, business without morality.
Could many of our ills today have resulted from our failure to train a strong citizenry from the only source we have - the boys and girls of each community? Have they grown up to believe in politics without principle, pleasure without conscience, knowledge without effort, wealth without work, business without morality, science without humanity, worship without sacrifice?
Muscles without strength, friendship without trust, opinion without risk, change without aesthetics, age without values, food without nourishment, power without fairness, facts without rigor, degrees without erudition, militarism without fortitude, progress without civilization, complication without depth, fluency without content; these are the sins to remember.
Most assuredly Zen is a religion, but it is a religion without scripture, without doctrine or dogma and without sin.
[C]apitalism without financial failure is not capitalism at all, but a kind of socialism for the rich.
Bestow rewards without regard to rule, issue orders without regard to previous arrangements; and you will be able to handle a whole army as though you had to do with but a single man.
'Knowledge, without common sense,' says Lee, is 'folly; without method, it is waste; without kindness, it is fanaticism; without religion, it is death.' But with common sense, it is wisdom with method, it is power; with charity, it is beneficence; with religion, it is virtue, and life, and peace.
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