A Quote by Charlie Munger

Well, the questioner came from Singapore, which has perhaps the best economic record in the history of developing an economy. And therefore he referred to 15 percent per annum as modest. It's not modest, it's arrogant.

Charlie Munger

Quote Topics

Arrogant Best Came Developing Economic Economy History Modest Per Percent Perhaps Record Referred Singapore The History Of Therefore Well Which

Quote Author

Charlie Munger
American - Businessman
Born: January 1, 1924

If you're going to buy something which compounds for 30 years at 15% per annum and you pay one 35% tax at the very end, the way that works out is that after taxes, you keep 13.3% per annum. In contrast, if you bought the same investment, but had to pay taxes every year of 35% out of the 15% that you earned, then your return would be 15% minus 35% of 15%-or only 9.75% per year compounded. So the difference there is over 3.5%. And what 3.5% does to the numbers over long holding periods like 30 years is truly eye-opening.

Charlie Munger

I thought if I was lucky it would be a nice, modest-sized, modest-budgeted film that would be a modest success. And then something happened.

David Heyman

I like Modest Mouse. I'm our biggest fan. And enemy. I won't waste people's time by putting out a Modest Mouse record just because. That's fair, right?

Isaac Brock

Jill was tall and slim, like most Moroi. With that figure came a modest chest. Angeline's chest...was not so modest.

Richelle Mead

Yeah, well, we were looking for something sort of anonymous. It suggests what it is, but I like that it's modest. I feel like that's an underrated virtue. It's modest and it's kind of anonymous, which I liked, because it reminds me of my own ideas about why music should be played, which is not to be a star. That was never my intention.

Zooey Deschanel

Healthcare is growing now at about 10 per cent per annum in the U.S. top line, versus 3 per cent for the economy. As someone with a sharp pencil and an eye for this kind of thing, this can't last.

James Chanos

I made a point when I made the Ugly Casanova record to not write a song and then say, 'This is a Modest Mouse song' or 'This is an Ugly Casanova song.' The people who were open to it not being a Modest Mouse record liked it.

Isaac Brock

A minuscule 4 percent of funds produce market-beating after-tax results with a scant 0.6 percent (annual) margin of gain. The 96 percent of funds that fail to meet or beat the Vanguard 500 Index Fund lose by a wealth-destroying margin of 4.8 percent per annum.

David F. Swensen

I will not be modest. Humble, as much as you like, but not modest. Modesty is the virtue of the lukewarm.

Jean-Paul Sartre

Mr. Attlee is a very modest man. Indeed he has a lot to be modest about.

Winston Churchill

We lived in a very modest house. My father drove modest cars, we didn't travel, we didn't do any of the things that, were commensurate with the kind of income that he was making. So we got this kind of, double message, which was, y'know, "You work hard and you make as much money as you possibly can, but you don't spend any money." And you see how well I learned that lesson.

Neal Gabler

The oceans that surround the world produce 185 billion tons of CO2 per annum. Man per annum only produces six billion tons, so what could possibly be the concern?