A Quote by Charlie Munger

All the equity investors, in total, will surely bear a performance disadvantage per annum equal to the total croupiers' costs they have jointly elected to bear. This is an inescapable fact of life. And it is also inescapable that exactly half of the investors will get a result below the median result after the croupiers' take, which median result may well be somewhere between unexciting and lousy.

Charlie Munger

Quote Topics

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Quote Author

Charlie Munger
American - Businessman
Born: January 1, 1924

The stark and inescapable fact is that today we cannot defend our society by war since total war is total destruction, and if war is used as an instrument of policy, eventually we will have total war.

Lester B. Pearson

If you are born into a family below the national median income, we provide you with an additional $500, and for every contribution made to a child's account below the national median income, we match it dollar for dollar - the federal government will.

Harold Ford, Jr.

Since the September 11 attacks, nearly 400 individuals have been arrested by the Justice Department as a result of ongoing investigations into international terrorism. Of that total, over half were convicted as a result of their actions.

Jo Bonner

Globalization is a bottom-up phenomenon with all actions initiated by milions of individuals, the sum total of which is globalization. No one is in charge, and no one can anticipate what the sum of all the individual initiatives will be before the result manifest. A global economy can only be the result of spontaneous order.

John Naisbitt

You will write if you will write without thinking of the result in terms of a result, but think of the writing in terms of discovery, which is to say that creation must take place between the pen and the paper, not before in a thought or afterwards in a recasting... It will come if it is there and if you will let it come.

Gertrude Stein

Money is a result, wealth is a result, health is a result, illness is a result, your weight is a result. We live in a world of cause and effect.

T. Harv Eker

Loyalty is dead, the experts proclaim, and the statistics seem to bear them out. On average, U.S. corporations now lose half their customers in five years, half their employees in four, and half their investors in less than one. We seem to face a future in which the only business relationships will be opportunistic transactions between virtual strangers.

Fred Reichheld

Mark you, if you give up spirituality, leaving it aside to go after the materializing civilization of the West, the result will be that in three generations you will be an extinct race; because the backbone of the nation will be broken, the foundation upon which the national edifice has been built will be undermined, and the result will be annihilation all round.

Swami Vivekananda

There will be a debate on Firing Line between Buckley and Gore Vidal on the proposition: "This nation cannot survive as long as the income of 50 percent of the population is below the median." Mr. Vidal will take the affirmative.

M. Stanton Evans

Yes - Action is the key! Cuz - when we take action we get a result - it might not always be the result we want but nevertheless it's a result - something we can learn from.

David Ryan

I don't believe skill was, or ever will be, the result of coaches. It is a result of a love affair between the child and the ball.

Roy Keane

If you meditate, meditation is so beautiful, who bothers about the result? And if you bother about the result, meditation is not possible. This result oriented mind is the only barrier, the only block. There are not many blocks, the only block is that of the result oriented mind: never here-now, always somewhere else thinking of the result; while making love, thinking about the result.

Rajneesh

When you have a bad result, you want the next game to come as quickly as possible because a good result will make people forget about the bad result.

Fernando Torres

Millions of mutual-fund investors sleep well at night, serene in the belief that superior outcomes result from pooling funds with like-minded investors and engaging high-quality investment managers to provide professional insight. The conventional wisdom ends up hopelessly unwise, as evidence shows an overwhelming rate of failure by mutual funds to deliver on promises.

David F. Swensen

If anything good is going to emerge out of this, it's going to be the result of an acceptable modus vivendi between Ukraine and Russia. The two of them will have to get together at some point. It is going to be a result that many people in the West will not like, because Russia, as the bigger power, is going to get the better of the deal. So, a lot of people will say, that's appeasement. That's this - that - it's reality.