A Quote by Charlie Munger
Wells Fargo had a glitch - the truth of the matter is they made a business judgement that was wrong. I don't think anything is fundamentally wrong.
Related Quotes
I was born with the wrong sign
In the wrong house
With the wrong ascendancy
I took the wrong road
That led to
The wrong tendencies
I was in the wrong place
At the wrong time
For the wrong reason
And the wrong rhyme
On the wrong day
Of the wrong week
Used the wrong method
With the wrong technique
Wrong
Wrong.
I've always felt there was something wrong with Wells Fargo's culture, for a very, very long time.
A number of former Wells Fargo employees have described their work environment characterized by intense pressure to meet aggressive and unrealistic sales goals. In a 2010 letter to shareholders, Mr. Stumpf wrote that Wells Fargo's goal was eight products per customer because eight rhymed with great.
Wells Fargo's internal review only covers unauthorized accounts dating back to 2011. News reports and court documents suggest these problems might have existed long before then. The 2013 'Los Angeles Times' articles led to the L.A. city attorney's office investigation into Wells Fargo's sales practices.
Personally, I didn't think there was anything wrong with sadness. Just the opposite – hypocrisy made people happy and truth made them sad.
We feel that we have to be right so that we can feel good. We don’t want to be wrong because then we’ll feel bad. But we could be more compassionate toward all these parts of ourselves. The whole right and wrong business closes us down and makes our world smaller. Wanting situations and relationships to be solid, permanent, and graspable obscures the pith of the matter, which is that things are fundamentally groundless.
The first noble truth of the Buddha is that when we feel suffering, it doesn’t mean that something is wrong. What a relief. Finally somebody told the truth. Suffering is part of life, and we don’t have to feel it’s happening because we personally made the wrong move. In reality, however, when we feel suffering, we think that something is wrong. As long as we’re addicted to hope, we feel that we can tone our experience down or liven it up or change it somehow, and we continue to suffer a lot.
I think it is unnatural to think that there is such a thing as a blue-sky, white-clouded happy childhood for anybody. Childhood is a very, very tricky business of surviving it. Because if one thing goes wrong or anything goes wrong, and usually something goes wrong, then you are compromised as a human being. You're going to trip over that for a good part of your life.
It's nothing but a matter of seeing, thinking, and interest. That's what makes a good photograph. And then rejecting anything that would be bad for the picture. The wrong light, the wrong background, time and so on. Just don't do it, not matter how beautiful the subject is.
There is something fundamentally wrong about the way we [americans] are moving as a country, when billionaires are able to buy elections as a result of Citizens United. There`s something fundamentally wrong when 99 percent of all new income goes to the top 1 percent.
It’s wrong to hate. It always has been wrong and it always will be wrong! It’s wrong in America, it’s wrong in Germany, it’s wrong in Russia, it’s wrong in China! It was wrong in two thousand B.C., and it’s wrong in nineteen fifty-four A.D.! It always has been wrong, and it always will be wrong!
It's not wrong to be upset. It's not wrong to cry. It's not wrong to want attention. It's not even wrong to scream or throw a fit. What is wrong is to keep it all inside. What is wrong is to blame and punish yourself for simply being human. What is wrong is to never be heard and to be alone in your pain. Share it. Let it out.
Before Bin Laden did everything but advertise. Yet he had to blow up the Twin Towers just to get the attention of anyone outside the intelligence community. So what did we do? We invaded the wrong country, killed the wrong madman, and too often used the wrong interrogation techniques on the wrong people-all because our leaders lost contact with the truth.
They made a mistake. And it was an easy mistake to make. I don't regard setting incentives aggressively as a mistake. I think the mistake was, when the bad news came, they didn't recognize it directly. I don't think that impairs the future of Wells Fargo. They'll be better for it.
But don't you see, all human decisions are made like this. Do you think the mother knows what will happen to the child in her womb? Dear God, we are lost, I tell you. What does it matter if you give it to me and it's wrong! There is no wrong! There is only desperation, and I would have it! I want to live forever with you.
One of the curious effects of a bad hangover is that you think you're wrong whether you are or not. Not wrong in particulars, but wrong in general, wrong about everything.
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