A Quote by Charlie Munger
One of the smartest things a person can do is dampen investment expectations, especially with Berkshire. That would be mature and responsible. I like our model and we should do nicely
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Just understanding that if you're not growing up, you're just moving backwards, and I'm a person that I always want to grow and learn and not be the smartest person in the room, because when you're not the smartest person in the room, you're always learning things.
Any mature, responsible adult doesn't run around stomping their feet and screaming 'I'm a mature, responsible, adult.'
The Berkshire-style investors tend to be less diversified than other people. The academics have done a terrible disservice to intelligent investors by glorifying the idea of diversification. Because I just think the whole concept is literally almost insane. It emphasizes feeling good about not having your investment results depart very much from average investment results. But why would you get on the bandwagon like that if somebody didn't make you with a whip and a gun?
If only we could realize that our purpose is to be caretakers. We are responsible for leading our flock to the place where the grass is green, but it is up to them to eat! We cannot be responsible for how much they digest. We cannot make people mature.
Megaupload is not responsible for the piracy problem. It's the old business model of Hollywood that is responsible for it, and they want to keep that model alive at any cost.
I first met Taylor Swift at an awards show, which is a pretty easy place to suss out who is cool. Right off the bat I was like, This is a person I want to know. Just because she's a very famous person doesn't mean she doesn't exist outside of that space. She's wonderful and special and treats me really nicely and we have a great, mature relationship. She's on a short list of people like that for me.
If you have the opportunities of Berkshire, an investment in gold is dumb.
Obama also allowed Hillary supporters to insert an absurd statement into the platform suggesting that media sexism spurred her loss and that “demeaning portrayals of women ... dampen the dreams of our daughters.” ... It would have been better to put this language in the platform: “A woman who wildly mismanages and bankrupts a quarter-of-a-billion-dollar campaign operation, and then blames sexism in society, will dampen the dreams of our daughters.”
The explanations for the things we do in life are many and complex. Supposedly mature adults should live by logic, listen to their reason. Think things out before they act. But maybe they never heard what Dr. London told me one, Freud said that for the little things in life we should react according to our reason. But for really big decisions, we should heed what our unconscious tells us.
When you think about the person responsible for creating the character and the dialogue, Bill Monahan, who's a Boston guy, obviously, his words roll off my tongue quite nicely.
Honorable beginnings should serve to awaken curiosity, not to heighten people's expectations. We are much better off when reality surpasses our expectations, and something turns out better than we thought it would.
Do you think that we're products of our environments? I think so, or maybe products of our expectations. Others' expectations of us or our expectations. I mean others' expectations that you take on as your own. I realize how difficult it is to seperate the two. The expectations that others place on us help us form our expectations of ourselves.
We are not responsible for our feelings, as we are for our principles and actions. ... Our care, then, should be to look to our principles, and to avoid all anxiety about our emotions. Their nature can never be wrong where our course of action is right, and for their degree we are not responsible.
Since I'm not a fashion model, there's a limit to how nice I can make myself. I don't regard myself as an ugly person, but I don't think of myself as someone who would choose to be a model. I'm somebody who might be, I'd like to think, a role model for people who want to become lawyers.
It's not an Israeli model, it's a TSA, screwed-up model. It should actually be the person who's looking at the ticket and talking to the individual. Instead, they've hired people to stand around and observe, which is a bastardization of what should be done.
My friends, ask gladness from God. Be glad as children, as birds in the sky. And let man's sin not disturb you in your efforts, do not feat that it will dampen your endeavor and keep it from being fulfilled, do not say, Sin is strong, impiety is strong, the bad environment is strong, and we are lonely and powerless, the bad environment will dampen us and keep our good endeavor from being fulfilled. Flee from such despondency, my children! There is only one salvation for you: take yourself up, and make yourself responsible for the sins of men.
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