A Quote by Charlie Munger

We believe there should be a huge area between everything you should do and everything you can do without getting into legal trouble. I don't think you should come anywhere near that line. We don't deserve much credit for this. It helps us make more money. I'd like to believe that we'd behave well even if it didn't work. But more often, we've made extra money from doing the right thing. Ben Franklin said I'm not moral because of it's the right thing to do - but because it's the best policy.
Consistent conservatives believe people should keep more of the money they work so hard to earn - not because the vulnerable don't deserve assistance, but because individuals can and will make better and more effective financial and charitable choices with their money than government bureaucrats.
I used to think that when I got older, the world would make so much more sense. But you know what? The older I get, the more confusing it is to me. The more complicated it is. Harder. You’d think we’d be getting better at it. But there’s just more and more chaos. The pieces—they’re everywhere. And nobody knows what to do about it. I find myself grasping, Nick. You know that feeling? That feeling when you just want the right thing to fall into the right place, not only because it’s right, but because it will mean that such a thing is still possible? I want to believe in that.
When we said that no more areas of power should go to the EU we were right. And now thanks to the European Union Act 2011, by law that cannot happen without a referendum. And we are just as right that the EU has more power in our national life than it should, and I believe as strongly as I ever have that when the right moment comes this party should set out to reduce it.
I believe that doing the right thing will not only create the best culture and the best product, but you'll also make the most money - even if you're making decisions that lose you money in the short term.
There's a lot of money in selling marijuana. If you can do it legally, that's good. Why should all the criminals make the money? This is what people are thinking. If it's happening, if it's going to be legal, let's tax it and regulate it, like we do with everything else and make some money off this. I think that's one reason why people are talking this a little more seriously.
The only thing you should have to do is find work you love to do. And I can't imagine living without having loved a person. A man, in my case. It could be a woman, but whatever. I think, what I always tell kids when they get out of class and ask, 'What should I do now?' I always say, 'Keep a low overhead. You're not going to make a lot of money.' And the next thing I say: 'Don't live with a person who doesn't respect your work.' That's the most important thing—that's more important than the money thing. I think those two things are very valuable pieces of information.
The last thing Scripture should do is make you blind in the world. Instead, you hear everything, see everything, and feel everything because everything just so happens to point right back to it.
The reality is the most important thing that can be done are these permanent changes like to the tax code, reduction of government spending. These are the things that pop up in economy and move it in the right direction, start to make it an economy that is moving because of the money in the private economy. When you think about it, when the Fed is lowering an interest rate, what it's doing is it's creating more liquidity. It's putting more money into the economy. The same thing happens when you reduce the tax except if happens from physical policy.
When it comes to public policy, doing the right thing is more important than doing it for the right reason. The best way to get people to do what's right collectively is to make it the best thing for them to do individually. You have to give individuals a personal incentive to do what's right for society.
I believe that most people would like to cooperate in reducing waste, but to encourage them, the national policy should be clear, well advertised, and consistent. Even within Greater London, there is a huge discrepancy between council policies. I believe a national waste management initiative should be designed and implemented by government.
When you are in a series, there are always people around saying, 'You should be doing more. You should get more money.' But I think I did the wise thing staying with 'the Waltons.'
With money we really fool ourselves. We are our biggest enemies with money and there are some things we can do about it. Automatic deductions are a wonderful thing. But ideally, you should wait until the end of the month, you can see how much extra money you had, and you should put that in your savings account. We don't do that too well, and if we did that, we would never save. So, what we do, is we take money out of our pocket into the saving account at the beginning of the month, take it outside of our control and as a consequence, we spend less and we save more.
Profits should be for a purpose. Profits should be productive. You should make money for producing benefits that make the world a better place. Making money is a good thing when it is made in service to humanity or the democracy.
Some of us believe humanity should be in divine partnership with nature, some people believe that man has been given by God the right to have dominion over nature. But since even they say that we should be good stewards, that right there should be the common ground.
Though I don't personally believe that Bitcoin is true money, it should be perfectly legal, and there should be no restrictions on it; there should be no taxes on it.
Money has to be put in the way a club feels it should. If you put money in a new ballpark, that helps to generate revenue so you can spend more money. It should be spent to make the club's operations the best. That will help in the end, and it will mean enhanced payroll.
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