A Quote by Charlie Munger

I'm proud to be associated with the value system at Berkshire Hathaway; I think you'll make more money in the end with good ethics than bad.

Charlie Munger

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Associated Bad End Ethics Good Good Ethics In The End Make Money More More Money Proud System Than Think Value Value System

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Charlie Munger
American - Businessman
Born: January 1, 1924

I think you'll make more money in the end with good ethics than bad. Even though there are some people who do very well, like Marc Rich-who plainly has never had any decent ethics, or seldom anyway. But in the end, Warren Buffett has done better than Marc Rich-in money-not just in reputation.

Charlie Munger

Nirvana, to a value investor, is paying a cheap price for a company that is growing in value every year at a nice rate - this largely explains why today we own stocks like Berkshire Hathaway, McDonald's, Wal-Mart, Microsoft, Costco and Anheuser-Busch.

Whitney Tilson

I do think in general, women have a value system. And it's that value system that I think is feminism. Not "men are bad, women are good, let's get women empowered" - it's let's get this value system, which is about the capacity to feel and empathize with life, and therefore to protect it.

Elizabeth Lesser

I'm a bull on Berkshire Hathaway. There may be some considerable waiting, but I think there are some good days ahead.

Charlie Munger

We bought a doomed textile mill [Berkshire Hathaway] and a California S&L [Savings & Loan; Wesco] just before a calamity. Both were bought at a discount to liquidation value.

Charlie Munger

Samuelson, however, hedged his personal bets - by putting some of his own money in Berkshire Hathaway.

William Poundstone

Football itself is a great sport with which we are proud to be associated. We want to be proud to be associated with FIFA and hope and look forward to working with them to that end.

Charles W. Scharf

I’d say that Berkshire Hathaway’s system is adapting to the nature of the investment problem as it really is. We’ve really made the money out of high quality businesses. In some cases, we bought the whole business. And in some cases, we just bought a big block of stock. But when you analyze what happened, the big money’s been made in the high quality businesses. And most of the other people who’ve made a lot of money have done so in high quality businesses.

Charlie Munger

The very essence of political philosophy is the carving out of an ethical system - strictly, a subset of ethics dealing with political ethics. Ethics is the one rational discipline that demands the establishment of a rational set of value judgments; political ethics is that subset applying to matters of State.

Murray Rothbard

At Berkshire Hathaway we do not like to compete against Chinese manufacturers.

Charlie Munger

By setting up Berkshire Hathaway, Warren has done everything very rationally.

Walter Schloss

The very first stock I bought right out of college was Berkshire Hathaway.

Christie Hefner

Do not value money for any more nor any less than its worth; it is a good servant but a bad master.

Thomas-Alexandre Dumas

I want to be involved in things I can be really proud of. There's a lot of bad films being made and I don't understand how they got the money for it. That said, there's a lot of bad telly, but there's also a lot of very high quality that is something I'd be much more proud of than a mediocre film.

Aisling Loftus

Gold is not less but more rational than paper money. Money holds value so long as it is in limited supply; gold will always be in limited supply, and would require real resources to produce even from the sea; paper and printing ink are not in limited supply. The gold system is much closer to a modern automatic scientific control system than the crude and relatively unstable system of paper.

William E. Rees

Wesco had a market capitalization of $40 million when we bought it [in the early 1970s]. It's $2 billion now. It's been a long slog to a perfectly respectable outcome - not as good as Berkshire Hathaway or Microsoft, but there's always someone in life who's done better.

Charlie Munger

A Quote by Charlie Munger

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