Charlie Munger Quotes
A rough rule in life is that an organization foolish in one way in dealing with a complex system is all too likely to be foolish in another.
Munger, Charles T. Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger. Edited by Peter D. Kaufman, PCA Publications, 2005.
The thing that make this an even more difficult problem to deal with is that until the failure, enthusiasts and supports of the technology point to the perfect track record to justify continued use, opposing even more safety measure, and trying to reduce anxiety.
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.