A Quote by Charlie Munger

There are exceptional loyalties and there are old fashion ideas about how you get loyalties, and after all the auditorium is full of people who have co-owned shares with the managers for many decades, and in many cases they co-invested when everyone was young and obscure. Also when you come back to a place like that you are celebrating old loyalties, and of course the basic idea behind so much of Berkshire is the old fashioned idea that the best way to get loyalty is to deserve loyalty.
That loyalty to the country comes ahead of all other loyalties. And this is an absolute loyalty, since one cannot weight it in terms of what one receives.
The only way the avoid a constitution crisis, and I'm not saying we're there yet, is to reassure the public that the person leading the government is someone who has loyalties other than to himself, not loyalties to the foreign governments that helped him financially.
All these people talk so eloquently about getting back to good old-fashioned values. Well, as an old poop I can remember back to when we had those old-fashioned values, and I say let's get back to the good old-fashioned First Amendment of the good old-fashioned Constitution of the United States - and to hell with the censors! Give me knowledge or give me death!
The democratic ideal springs from the ideas of liberty, equality, majority rule through free elections, protection of the rights of minorities, and freedom to subscribe to multiple loyalties in matters of religion, economics, and politics rather than to a total loyalty to the state. The spirit of democracy is the idea of importance and worth in the individual, and faith in the kind of world where the individual can achieve as much of his potential as possible.
Many small towns I know in Maine are as tight-knit and interdependent as those I associate with rural communities in India or China; with deep roots and old loyalties, skeptical of authority, they are proud and inflexibly territorial.
There are many bespoke services in the U.K., but everything's quite old-fashioned. There wasn't anything young and modern and fresh. We're this young service, where a 25-year-old might come and get some great skirts and her mum could come in for some linens.
If a thing is old, it is a sign that it was fit to live. Old families, old customs, old styles survive because they are fit to survive. The guarantee of continuity is quality. Submerge the good in a flood of the new, and good will come back to join the good which the new brings with it. Old-fashioned hospitality, old-fashioned politeness, old-fashioned honor in business had qualities of survival. These will come back.
Suicide is what everyone young thinks they'll do before they get old. But they hardly ever get round to it. They just don't want to commit themselves in that way. When you're young and you look ahead, time ends in mist at twenty-five. 'Old won't happen to me', you say. But old does. Oh, old does. Old always gets you in the end.
When will women begin to have the first glimmer that above all other loyalties is the loyalty toTruth, i.e., to yourself, that husband, children, friends and countryare as nothing to that.
It takes a major unhappiness, a prolonged and bitter experience, to drive us away from loyalties once formed. And sometimes no amount of punishment can make us repudiate our loyalty.
Hey, White, you know where your loyalties are? Right here. The old pinstripes. No! You never wore them... So you have a right to sing the blues.
The movies that are honored at The Oscars are always a certain type: Old-fashioned. It's a bunch of well-made, old-fashioned movies that support our idea of ourselves. They uplift the human spirit. That's why horror films never even get nominated.
If we are to have peace on earth, our loyalties must become ecumenical rather than sectional. Our loyalties must transcend our race, our tribe, our class, and our nation; and this means we must develop a world perspective.
To a large extent, the aged in our society are ghettoized. Old people are seen as useless, bypassed by history, old-fashioned, in the way. So, not surprisingly, when we reach the official mark of old age, we're supposed to go gently into that good night, to get off center stage and hand over the spotlight. Old age is also surrounded by shame - the myth of impotence and inability.
The car as we know it is on the way out. To a large extent, I deplore its passing, for as a basically old-fashioned machine, it enshrines a basically old-fashioned idea: freedom.
People who teach you cram old ideas, old views, old ways, into you. Like covering plants with layer after layer of old earth; it's no wonder the poor things so rarely come up fresh and green.
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