A Quote by Charlie Munger
It took us months of buying all the Coke stock we could to accumulate $1 billion worth - equal to 7% of the company. It's very hard to accumulate major positions.
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Global warming is already acting upon us with an accelerated feedback and compounded effect that may be irreversible! We do not have eons or centuries or many decades. Most of us alive today may not even have the luxury of saying 'Après moi, le déluge' because we will be around to experience it ourselves. And if you think it will be 'interesting' or 'exciting,' ask the tsunami survivors if that's how they felt. This time the plutocratic drive to 'accumulate, accumulate, accumulate' may take all of us down, once and forever.
Don’t accumulate possessions; accumulate experiences!
Accumulate, accumulate! This is Moses and the Prophets!
Life is accumulative - Either our errors accumulate to what we don't get, or our wise decisions accumulate into what we do get.
A father and two sons run Adelphia. It's a cable company. And they took from that company a billion dollars. A billion. Three people - three people took a billion dollars. What were they gonna do, start their own space program? 'Let's send the monkey to Mars, Dad!'
Valuations are actually quite simple to grasp. A company is only worth what two acquirers are willing to pay for it. Don't you just need to find that one buyer? If there is only one potential company interested in buying your startup, chances are you won't be hearing the word 'billion' in the offer.
Consensus politics is a cyclical thing-in order to accumulate power, one must dispose of it, and as one disposes of it, one must accumulate more power to replace it. In financial terms, a dollar must be spent to make a dollar-or two, if things go well.
In short, we accumulate all the information that we can accumulate, wherever that information comes from, and try to analyze it and make the best decision we can make for our football team on a case-by-case basis. It's the same for every single player; the process is the same.
How much you accumulate is a byproduct of what you enjoy doing in life. And I enjoy buying companies.
The earlier you start, the easier it is to accumulate major wealth. Still, it's never really too late to begin.
I bought a company in the mid-'90s called Dexter Shoe and paid $400 million for it. And it went to zero. And I gave about $400 million worth of Berkshire stock, which is probably now worth $400 billion. But I've made lots of dumb decisions. That's part of the game.
I bought a company in the mid-90s called Dexter Shoe and paid $400 million for it. And it went to zero. And I gave about $400 million worth of Berkshire stock, which is probably now worth $400 billion. But I've made lots of dumb decisions. That's part of the game.
What is needed by him who would succeed in the highest degree possible is careful planning. He is to accumulate reserved power, that he may be equal to all emergencies.
Just as an unbalanced mind can accumulate stresses that can grow and take on a life of their own, so little decisions of our modern life can accumulate to the point where our society finds itself bombing other people for their oil, or supporting dictators who torture whole populations - all so that our unbalanced interests might be served.
![Doris "Granny D" Haddock](/assets/images/photos/avatars/doris-"granny-d"-haddock.webp)
Trying to accumulate wealth by the sweat of your brow and hard labor is one way to become the richest man in the graveyard. You do not have to strive or slave hard.
Life is good to those who know how to live. I do not ever hope to accumulate great funds of worldly wealth, but I shall accumulate something far more valuable, a store of wonderful memories. When I reach the twilight of life I shall look back and say I'm glad I lived as I did, life has been good to me.
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