Charlie Munger Quotes


A few public hangings will really change behavior. One of our Presidents said if he could execute three people each year for no cause, it would make it a lot easier to govern. When someone said that's not enough, he said, "Oh yes it is, because I'd publish the list of people under consideration."


Citations

Kaufman, Peter D., ed. Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger. Donning Company Publishers, 2005, p. 473.

Related Quotes

Sherman was distressed at the full due process and trials that had to be given to Confederate spies and guerrillas and wanted to execute them quickly as an example. He complained to the Judge Advocate General that his men were “losing prisoners in the swamp” which both of them realized meant the immediate execution of prisoners by soldiers and junior officers which Sherman did not like either. The Lincoln administration insisted on the full due process. Even after conviction, President Abraham Lincoln tended to pardon many of the condemned.


There was, and still is in some parts of the world, this belief taht one of the main reasons for capital punioshment with visible and public executions was to deter others from comitting crimes by seeing the example of what happens to the transgressors. For these people, exemplified by this quotation of Dr. Johnson's, public executions are crime prevention. This notion tirned out to have been a fallacy. In England they found that during every public hanging, skilled pickpockets would steal from the onlookers who were tranfixed on the macabre secene--this despite the fact that pickpocketing was a hanging offence.


Kozinski was a supporter of captial punishment, but beileved it important that society was very slear about what it was doing. Executing a man is a very brutal process, and shen society determines that it is necessary, it shoud face the fact and the reality of the decision it is making. Hence he favored public executions


Charlie Munger
Charlie Munger
  • Born: January 1, 1924
  • Nationality: American
  • Profession: Businessman

Charles Thomas Munger is an American billionaire investor, businessman, former real estate attorney, architectural designer, and philanthropist. He is vice chairman of Berkshire Hathaway, the conglomerate controlled by Warren Buffett; Buffett has described Munger as his closest partner and right hand man. Munger served as chairman of Wesco Financial Corporation from 1984 through 2011. He is also chairman of the Daily Journal Corporation, based in Los Angeles, California, and a director of Costco Wholesale Corporation.