A Quote by Charlie Munger

Good businesses can survive a little bad management. — © Charlie Munger
Good businesses can survive a little bad management.
Good businesses will survive good times and bad times.
When it comes to partisan politics, everyone is a hypocrite. And all they care about is whether it hurts or helps them ... Is it good or bad for the Democrats? Is it good or bad for the Republicans? Is it good or bad for Jews, or good or bad for blacks, or is it good or bad for women? Is it good or bad for men? Is it good or bad for gays? That's the way people think about issues today. There is very little discussion of enduring principles.
In our experience, what we have found is the rare commodity is a good management team. And good management teams manage through good and bad cycles and manage to grow their business over a long period of time.
Good businesses are the lifeblood of the economy. But, as responsible business people up and down the country know, the system too often allows good businesses to be undercut by bad.
Wealth management businesses are capital light businesses.
I spend most of my career as a management consultant, a businessman working with family-owned small and medium-sized businesses. The businesses that make up the core of our economy.
People, you'll find, aren't usually all good or bad. Sometimes they're just a little bit good and a whole lot bad. And sometimes they're mostly good with a dash of bad. And most of us, well, we fall in the middle somewhere.
[Good managers] know that people have 'good' sides and 'bad' sides and that the secret of good management is in magnifying the former and toning down the latter.
Japanese management practices succeed simply because they are good management practices. This success has little to do with cultural factors. And the lack of cultural bias means that these practices can be - and are - just as successfully employed elsewhere.
Our established businesses of hydrocarbons, energy, and petrochemicals pretty much run on their own, with their own proven leaders. This has helped me focus almost exclusively on two things: Firstly, new businesses. And secondly, institutionalising what I call the Reliance Management System.
Here is part of the tradeoff with diversification. You must be diversified enough to survive bad times or bad luck so that skill and good process can have the chance to pay off over the long term.
I got even with all the bad management I had by being a good manager.
I got even with all the bad management I had by being a good manager
Of course, we all need to have basic necessities met, such as good health care, good food, good education and good housing. But what is good? Having too much is bad, as having too little is also bad.
In the UK what we've found is that even businesses which prided themselves already on their efficient management find that a really beady-eyed scrutiny of their resource management, with an eye to environmental best-practice and long term sustainability, produce fresh efficiency and fresh savings that actually shock those in the company
I look forward to parts that have a dimension or depth to them. This makes it interesting for me to do and the audience to watch. Whether he's a chocolate boy die hard romantic or a gangster with swag, every good has a little bad and every bad has a little good in them.
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