A Quote by Charlie Munger
I think the main figure that matters to all of us, including people in the media, is: How does GDP per capita grow? And those figures have been very good. There is a huge flux both up and down, so it isn't like we're all static in status. What's important is that pie grows.
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Tourism is a very very important sector for us. Hospitality is an important sector for us. Civil Aviation is an important sector for us. In a country like India where they contribute to the GDP, not only GDP but millions of jobs have been provided through these sectors.
If US per capita income continues to grow at a rate of 1.5 percent a year, the country will have plenty of money to finance comfortable retirements and high-quality healthcare for all citizens, including those at the bottom of the wage ladder.
Western Europe GDP per capita - not taking into account the new accession counties - was lower in 2001 relative to that of the US than any time since the 1960's.
It's good to be happy and tell us how cool your life is and how awesome you are on social media. It inspires other people to be happy, too. But a lot of times, people are trying to be happy in the wrong ways - with money or with different things that are not true happiness. It's leading people down a rabbit hole that actually doesn't exist. So people think like, "Yo, once I get this money and these cars and stuff, I'ma be so happy." But that's not true. And I feel like that's why it's very important to educate people on different things while you are actually on social media.
Grown-ups love figures... When you tell them you've made a new friend they never ask you any questions about essential matters. They never say to you "What does his voice sound like? What games does he love best? Does he collect butterflies? " Instead they demand "How old is he? How much does he weigh? How much money does his father make? " Only from these figures do they think they have learned anything about him.
What Medicaid basically does is allows them to choose the two base years that they would calculate current their reimbursement levels on. And they all have per-capita allotments based upon what the states are experiencing today in terms of Medicaid costs. And then those are inflated over the years, the next decade, increased at the rate of inflation. And so they have to figure out how to take those dollars and put them to the best use in the state.
Some of the areas in China have been under very grave water scarcity: for example, the north China plain; they are facing a very serious water shortage. Per capita levels have dropped to very serious levels, including in Beijing.
I remember a prominent conservative media figure, talking to him about prominent liberal media figures that he knew, that he liked. And I questioned him. "How can you trust these people? I mean, these are..." "No, no! They're good guys. In fact, one of them likes you, says you're not a hater." And I was supposed to be thrilled to hear this!I was supposed to be mollified that some liberal media figure had just pronounced I was okay because, after he had listened to me, he had determined I wasn't a hater. I did not take that as a compliment, and I got kind of mad.
Everything is in a state of flux, including the status quo.
I was brought up in a family of journalists, and a mother who was deeply committed to human rights, so I think that the mix of those two huge influences have been very, very important to me.
I'm not worried they're all about the investments we make. I mean, listen, this country - we've got $46,000 or $47,000 of GDP per capita. Now, we've done pretty darn well. We'll do better in the future.
The days grow shorter, the nights grow longer,
The headstones thicken along the way;
And life grows sadder, but love grows stronger
For those who walk with us day by day.
I feel I have grown up. I am a man. It's important in my football too. When everything is good, I don't think you grow up fantastically, I think maybe you need a few problems to grow up. It is good if people in England have started to admire me. I think I have changed a little since the World Cup. I am stronger with my mentality and with my game as well.
For any economy, there are two basic factors determining how many jobs are available at any given time. The first is the overall level of activity - with GDP as a rough, if inadequate measure of overall activity - and the second is what share of GDP goes to hiring people into jobs. In terms of our current situation, after the Great Recession hit in full in 2008, US GDP has grown at an anemic average rate of 1.3 percent per year, as opposed to the historic average rate from 1950 until 2007 of 3.3 percent.
Generally, we have translated greater output in the few hours of work per week over the last century. And that's a good trend of the future. But we do have to have a system that, as output of goods and services keeps increasing per capita, that it takes care of the people who are willing to work and really are not getting by very well with a family on a 40-hour week.
Despite the insanity of using whether you would want to have a beer with someone as a legitimate reason for voting for or against them, I always felt that is indicative of a massive problem in politics: It matters as much what your personality is as how smart you are or how good you are at your job. That is a huge, huge problem. A lot of people who are very smart or very good at their jobs are not people I would want to ever have a beer with - but I would want them making massive policy decisions with huge implications for the future of the planet.
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