A Quote by Charlie Munger

I would argue that a majority of the horrors we face would not have happened if the accounting profession developed and enforced better accounting.

Charlie Munger

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Accounting Argue Better Developed Enforced Face Happened Horrors Majority Profession Would

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Charlie Munger
American - Businessman
Born: January 1, 1924

My first profession was public accounting; I became a CPA. I was three years into public accounting - great profession, great skill set, but I didn't want to do it forever.

Louis DeJoy

The SEC does way more good than harm - the last thing I would do is get rid of the SEC...if accounting were thoroughly fixed, a lot of other sins would go away. We're paying a huge price for deterioration of accounting.

Charlie Munger

You have to understand accounting and you have to understand the nuances of accounting. It's the language of business and it's an imperfect language, but unless you are willing to put in the effort to learn accounting - how to read and interpret financial statements - you really shouldn't select stocks yourself

Warren Buffett

Don't ever let your business get ahead of the financial side of your business. Accounting, accounting, accounting. Know your numbers.

Tilman J. Fertitta

Creative accounting is an absolute curse to a civilization. One could argue that double-entry bookkeeping was one of history's great advances. Using accounting for fraud and folly is a disgrace. In a democracy, it often takes a scandal to trigger reform. Enron was the most obvious example of a business culture gone wrong in a long, long time.

Charlie Munger

I studied finance and accounting in college, and I worked at a massive accounting firm out of graduation.

Simu Liu

Aggressive accounting does not mean illegal accounting.

Kenneth Lay

Proper accounting is like engineering. You need a margin of safety. Thank God we don't design bridges and airplanes the way we do accounting.

Charlie Munger

Probably the best advice I ever got in my life was from the head of the accounting department, Mr. Hutchinson, I believe at the Glidden Company in Chicago, and he told me, 'You really aren't cut out for accounting.'

Bob Newhart

Accounting does not make corporate earnings or balance sheets more volatile. Accounting just increases the transparency of volatility in earnings.

Diane Garnick

I was never a Certified Public Accountant. I just had a degree in accounting. It would require passing a test, which I would not have been able to do.

Bob Newhart

I have some classes in accounting, but I don't know anything about accounting. I - you know, when my accountant tells me all the things he does, it's a foreign language to me.

Ray Romano

I got fired from a job years ago. It was an accounting job. They were basically trying to cut corners, so they employed a bunch of temps to do proper accounting. And it just caused absolute bedlam and I did get fired.

Nish Kumar

One day I was in Starbucks going through one of my books on accounting, and this beautiful young woman came up to me and said, 'My accounting book is different from yours.' Her name was Joyce, she had a background in finance and administration and ran a surgery center. Within a short time, we were married.

David Schweikert

Accounting consequences do not influence our operating or capital-allocation decisions. When acquisition costs are similar, we much prefer to purchase $2 of earnings that is not reportable by us under standard accounting principles than to purchase $1 of earnings that is reportable.

Warren Buffett

The great myth is the manager as orchestra conductor. It's this idea of standing on a pedestal and you wave your baton and accounting comes in, and you wave it somewhere else and marketing chimes in with accounting, and they all sound very glorious. But management is more like orchestra conducting during rehearsals, when everything is going wrong.

Henry Mintzberg

A Quote by Charlie Munger

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