A Quote by Charlie Munger
Berkshireis in the business of making easy predictions If a deal looks too hard, the partners simply shelve it.
Related Quotes
Berkshireis not as good as it was in terms of percentage compounding [going forward], but it's still a hell of a business.
Every New Year comes with a list of predictions. Self-predictions, world predictions, how many times Lindsay Lohan will get arrested predictions, etc. I reserve the annual trend for people with genuine psychic ability and/or bloggers.
It looks easy, like surfing, but surfing is hard too.
A business leader has to keep their organization focused on the mission. That sounds easy, but it can be tremendously challenging in today's competitive and ever-changing business environment. A leader also has to motivate potential partners to join.
We danced too wild, and we sang too long, and we hugged too hard, and we kissed too sweet, and howled just as loud as we wanted to howl, because by now we were all old enough to know that what looks like crazy on an ordinary day looks a lot like love if you catch it in the moonlight.
It makes no sense to seek a single best way to represent knowledge-because each particular form of expression also brings its particular limitations. For example, logic-based systems are very precise, but they make it hard to do reasoning with analogies. Similarly, statistical systems are useful for making predictions, but do not serve well to represent the reasons why those predictions are sometimes correct.
Science is not, despite how it is often portrayed, about absolute truths. It is about developing an understanding of the world, making predictions, and then testing these predictions.
Ideas are easy. I've never met a single person who didn't think they had a world class idea. The hard part is making it a business.
Cost-effective, attractive to business partners, environmentally friendly, easy access to a wide range of guidance and support - it makes good business sense to implement and maintain a robust and effective environmental management system
It's hard to find good business partners and people who do good business the right way.
My work has never been about me, and I've never made a big deal about my race. I've actually tried hard to avoid ever making a big deal out of it and have, instead, simply tried to do good work that matters.
When you look at the accomplishments of accomplished people and you say, “Boy, that must have been really hard,” ... that was probably easy. And conversely, when you look at something that looks easy, that was probably hard. And so you’re never going to know which is which until you actually go and do it.
Stripe makes it easy for anyone, be it an individual or a small business or a large business, to accept credit card payments on the Internet. We want to give control to the user or the business to define what the experience looks like. We work on a website or a mobile app, or whatever between that.
I believe the auto business is a highly comprehensive and complicated business. It's not that easy for people simply to enter and ruin the whole thing.
There's an assumption by many partners that no matter what happens to their business, they'll be partners forever.
Throughout the history of commercial life nobody has ever quite liked the commission man. His function is too vague, his presence always seems one too many, his profit looks too easy, and even when you admit that he has a necessary function, you feel that this function is, as it were, a personification of something that in an ethical society would not need to exist. If people could deal with one another honestly, they would not need agents.
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