A Quote by Charlie Munger

The world of derivatives is full of holes that very few people are really aware of. It's like hydrogen and oxygen sitting on the corner waiting for a little flame. — © Charlie Munger
The world of derivatives is full of holes that very few people are really aware of. It's like hydrogen and oxygen sitting on the corner waiting for a little flame.
Apart from the obvious advantages of having ice to melt, filter, then drink, you can also break apart the water's hydrogen from its oxygen. Use the hydrogen and some of the oxygen as active ingredients in rocket fuel and keep the rest of the oxygen for breathing. And in your spare time between space missions, you can always go ice skating on the frozen lake created with the extracted water.
It had struck me that the world was full of holes, holes which you could fall into, never to be seen again. I couldn't understand the difference between disappearance and death. Both seemed the same to me, both left holes. Holes in your heart holes in your life.
We're not just any star stuff, most of which is humdrum hydrogen and listless helium. Our bodies include fancier ingredients like carbon, oxygen, nitrogen, phosphorous, and a few other herbs and spices.
Primes are the atoms of the arithmetic - the hydrogen and oxygen of the world of numbers
A man who can do everything fully consciously becomes a luminous phenomenon. He is all light, and his whole life is full of fragrance and flowers. The mechanical man lives in dark holes, dirty holes. He does not know the world of light; he is like a blind man. The man of watchfulness is really the man who has eyes.
The issue of climate change, it really does bring home the fact that we are on one planet, and that some of the impact of what human beings do in one corner of the world is going to affect people in a distant corner of the world. So we may still feel very far from each other, but we are really very close to each other because of the changes we have made with travel and technology and especially the information technology.
With sufficient water on the Moon, solar energy can be used to split the water into hydrogen and oxygen. The oxygen is, of course, critical for humans to breathe and the water important for us to drink.
In France, a chemist named Pilatre de Rozier tested the flammability of hydrogen by gulping a mouthful and blowing across an open flame, proving at a stroke that hydrogen is indeed explosively combustible and that eyebrows are not necessarily a permanent feature of one's face.
If you get the question right, if you really define it, then the answers are just sitting there waiting for you. And it's something a little different than people usually think.
The creative impulse can be killed, but it cannot be taught. What a teacher can do... in working with children, is to give the flame enough oxygen so that it can burn. As far as I'm concerned, this providing of oxygen is one of the noblest of all vocations.
People far too often associate derivatives markets with mere speculation, but there are very legitimate businesses that need derivatives to protect themselves against risk.
The foodstuff, carbohydrate, is essentially a packet of hydrogen, a hydrogen supplier, a hydrogen donor, and the main event during its combustion is the splitting off of hydrogen.
Very few people changed the world by sitting on their couch.
If you think about the energy that a rocket engine has to put out and all the fuel and you're sitting on top of like a bomb. And on the Space Shuttle, that big orange tank is filled with liquid hydrogen and liquid oxygen, the white cell rocket boosters on the sides are filled with solid propellant. There's a lot of energy in all those chemicals there and you've got to control it in a way so it doesn't explode. So, there's a lot of plumbing, a lot of valving, a lot of control systems, and it's a very complicated thing. So, how do you bring the price of that down?
This isn't funny. She was almost killed.' 'I'm aware. You're waiting to see if I will get angry.' 'I already know you're angry. You're sitting very still and you're talking very quietly. You're getting ready to kill someone.' 'I just need a name.
I would be in a room full of people being loud and running around, and I'd be in the corner just playing with the wall. So I was very, very quiet, but when I really got into the arts, that opened me up.
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