A Quote by Charlie Munger
It would be one of the most irritating experiences in the world to do a lot of work to uncover a fraud and then at have it go from X to 3X and at h the crooks happily partying with your money while you're meeting margin calls. Why would you want to go within hailing distance of that?
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My experiences growing up - my father lived in New York, so I was going out there in the summers and meeting really interesting people and people having what seemed to me to be extraordinary experiences and really taking advantage of these wonderful opportunities. And so I will go - I would go to the big city and watch these people performing onstage and doing television and films. And then I would go back to Hayward, and it just suddenly felt that much smaller and sort of limiting because I had this hyper awareness of how much larger the world was.
I actually thought that it would be a little confusing during the same period of your life to be in one meeting when you're trying to make money, and then go to another meeting where you're giving it away. I mean is it gonna erode your ability, you know, to make money? Are you gonna somehow get confused about what you're trying to do?
If you were to show me your current financial plan, would I get so excited by it that I would go across the country and lecture on it? If the answer is no, then here's my question: ‘Why not?’ Why wouldn't you have a superior financial plan that is taking you to the places you want to go?
The two-piece ball I switched to spun too much. One shot would go the distance I thought it should, then the next one would fall short, and then the next one would go long.
Money is important, but the most important thing for me is to play football, and then I'm happy. OK, you want to earn a good amount of money to be secure, but if I chose money, I would go to Russia and already have a lot more. I like to play football, and that is it.
Sometimes I would want to sink, and then while I was sinking I'd go, "Wait a minute, this isn't what I want to do," and I would calm down while I was sinking and then start rising back to the surface again.
If I wanted to work financially, I would have made a series of different choices. I do get offered lots of movies which you could make a lot of money out of. And I always say, 'Why would I do that, when someone else could do it much better than me? Why would I want to do an action picture? Why?
If I wanted to work financially, I would have made a series of different choices. I do get offered lots of movies which you could make a lot of money out of. And I always say, 'Why would I do that, when someone else could do it much better than me? Why would I want to do an action picture? Why?'
You didn't question - kind of like, you would go to college. You would wear a tie to work. You would, you know, you would work for 40 years. And then you would play golf for three years, and then you would die. That was how I was raised.
I respected it. I submerged myself into it. So on a lot of days off I would go and fish with the fishermen and the families that ran the boats. I would go work the fields with farmers. I would go and talk with farmers about growing particular products for me.
Another thing that makes the process different is we go in there and are completely immersed in [that] world for however many weeks and then we would leave and they would be animating for however many weeks and we wouldn't have anything to do with it. Then we would come back and see all this work that they had done. So it just took a lot more time than it would on anything else.
Maybe you had to be dying to finally get to do what you wanted.I fidgeted around with the puzzle pieces for a while longer, but I wasn't lucky. Nothing seemed to fit without a whole lot of work.Then I had this thought: What if it was enough to realize that you would die someday, that none of this would go on forever? Would that be enough?
While I was still going to embrace social media, I knew I had to do things that nobody else was doing. I decided I had to meet as many people as I could - face to face. While most artists would email galleries, I would show up in the lobby. Instead of liking an art show or exhibition, I would go there and meet everyone. And while most would send a magazine a press kit, I go and meet the editor. This notion of face to face contact became my mantra.
This is an amazingly sound place. We are more disaster-resistant than most other places. We haven't pushed it as hard as other people would have pushed it. I don't want to go back to Go. I've been to Go. A lot of our shareholders have a majority of their net worth in Berkshire, and they don't want to go back to Go either.
Imagine Americans who go to Paris. Why would you want to go where someone's going to disparage you? Why would you go anywhere where they treat you bad? Well, that's how it is for us to go to Mexico. You have to be on your guard, because I think the Mexicans are harder on the Mexicans, the Mexican-Americans. They don't see us as Mexican. I think part of it's a class issue and a color issue. We're more connected to their servants, so what are we doing staying at a nice hotel? There's a kind of shame.
If you take sales presentations and brokers of commercial real estate and businesses... I'm 70 years old, I've never seen one I thought was even within hailing distance of objective truth.... 'incentive-caused bias,' causes this terrible abuse. And many of the people who are doing it you would be glad to have married into your family compared to what you're otherwise going to get.
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