Charlie Munger Quotes

The way companies hang on to their marketshare is by being scared.

Standards wars involve lots of variables, and understanding them often seems more an art than a science. They generally involve just two big players, and end in a winner-take-all situation.

But they are also better, our competitors are better because Wal-Mart exists.

We're gonna totally sell out and try to dominate the world.

Business is a combination of war and sport.

All competitors are fierce competitors; Vodafone is the world's second largest company. We fight it each day. Idea Cellular is big and successful, too. Competition is competition; we are used to it.

When you compete with Wal-Mart, even if you think you've found a niche don't ever become complacent.

Domination and monopoly is the name of the game in the web marketplace.

When I came into the mobile phone business, I was really the upstart who pretty much took the business, not quite by storm, but really made an impact on it quite early on. But it was from a position, really, of feeling that I was a last mover.

Global competition is about winners and losers.

We don't have a monopoly. We have market share. There's a difference.

Like many businessmen of genius he learned that free competition was wasteful, monopoly efficient. And so he simply set about achieving that efficient monopoly.

Volkswagen must continue to attack and make good use of its opportunities.

Competitive strategies is a concept or philosophy that's as American as apple pie.

To control the American market is to own America.

He who puts ... a product upon the market as it demands, controls that market, regardless of color. It is simply a survival of the fittest.

Most companies in a capitalistic system compete mightily to obtain monopolistic positions so they can avoid capitalistic competition thereafter. Whenever a business person must compete for price, he tends to describe that derisively as a “commodity business” and tries to remedy the situation.

Our wage freeze was vital to keep wages competitive with rival companies. I always try to communicate to our people that we can never make enough money. We can never make enough profit.

We’re far behind [Microsoft]. They are 3 time bigger than we are. They have a monopoly and we don’t—darnit!

Sometimes, for businesses, competition can be inconvenient, because competition means that the race is never over, the game is never won. No matter how well you were doing in the past, there's always someone who are out there wanting to take your place. So the temptation to avoid competition is powerful. It's rooted in motives as old as Adam and Eve: in greed for yet more money, in fear of losing your position in the market and all the benefits it brings.

To be successful in business, you have to be ruthless.

The competitor to be feared is one who never bothers about you at all, but goes on making his own business better all the time.

We got bigger, much scarier competitors. We ended up with Microsoft, a company with all the money in the world, the way I look at those guys. And IBM, another company that, historically, dwarfed us.

A monopoly is like running on firm ground. Nothing compels you to move, but if you do, you move forward. The faster you run, the more scenery you see - so you have some incentive to run fast.

There's a lot of businesses that are working hard, who are at the top of their games. Therefore, it's always going to be a market share fight.