Charlie Munger Quotes


Anyone with an engineering frame of mind will look at [accounting standards] and want to throw up.


Citations

Munger, Charles T. Wesco Financial Corporation Annual Meeting, 2001.

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At the beginning of World War II new government agencies proliferated. The Secretary of Interior was asked about a policy of the newly created OPC—Office of Petroleum Coordination:. An assistant reminded him that he was actually the head of the OPC:


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.