Charlie Munger Quotes

This century, the 21st century, will be the Indian century - and I really believe that.

It’s our generation that is witnessing the end of Western predominance. The average American used to be more than 20 times richer than the average Chinese. Now it’s just five times, and soon it will be 2.5 times.

The BRIC countries - Brazil, India, China, Turkey, South Africa, Indonesia even, and Russia - are now new actors. Over the last eight years, China multiplied by seven its economic presence and penetration in the Middle East. And if this happens on economic terms and there is a shift towards the East, the relationship between these countries and Israel is completely different from the United States. And it means that the challenges are going to be different, because China is not supporting Israel the way the U.S. are supporting Israel.

Finally we promised to limit the birth rate. And this you really didn't believe; you smiled scornfully. Well, even in this things have gone well. The fact is that we have grown by over seventy millions in ten years, but it's also true that we have grown less than many other countries, including the countries of Europe.

I believe abortion should be safe and legal in this country. I believe that since Roe v Wade has been the law for 20 years that we should sustain and support it. And I sustain and support that law and the right of a woman to make that choice. We can believe what we want, but will will not force our beliefs on others on that matter. And you will not see me waivering on that.

China is now expected to surpass Japan as the 2nd richest country in the world. They could become the richest, but that's only if we pay them the money we owe them, and that's not going to happen.

One could imagine a period like Japan13 years ago, however, in which indexing over time wouldn't work.

We are at that very point in time when a 400-year-old age is dying and another is struggling to be born - a shifting of culture, science, society, and institutions enormously greater than the world has ever experienced. Ahead, the possibility of the regeneration of individuality, liberty, community, and ethics such as the world has never known, and a harmony with nature, with one another, and with the divine intelligence such as the world has never dreamed.

I believe that the Israelis and the Palestinians, by and large, want peace, they each want their own country, and they want to get along, and they are going to get along. I know it sounds unbelievable, but I know enough about this, having been there, that these are sophisticated people. It's not like in Pakistan, where people have been told about Jews for a thousand years but don't know any. The Palestinians know the Jews.

The problem is Russia is a country that has lost 300 years of its history, in terms of most of what was part of the Russian Empire in Europe, towards Europe, since Peter the Great, has been the territory that is no longer under Russian rule.

The key issue is the shift of the centre of gravity from the West to the East, the rise of China and India.

We are the envy of Europe and in a few years time we are going to be one of the top countries in the world.

One of the most frightening things in the Western world, and in this country in particular, is the number of people who believe in things that are scientifically false. If someone tells me that the earth is less than 10,000 years old, in my opinion he should see a psychiatrist.

America is one of the highest tax nations in the world. Reducing taxes will cause new companies and new jobs to come roaring back into our country. Believe me, it'll happen and it'll happen fast.

Why not assume that our humanity, including the self-control needed for livable societies, is built into us? Does anyone truly believe that our ancestors lacked social norms before they had religion? Did they never assist others in need, or complain about an unfair deal? Humans must have worried about the functioning of their communities well before the current religions arose, which is only a few thousand years ago.

I have a very great respect for Americans, and having been a correspondent in this country, and I believe that Americans are people who respond much better to facts and truthful, genuine speculation, than they do to purely, kind of phoney, adulation.

There were certain areas in the country where I couldn't go without being stopped and asked for autographs and pictures for years.

What outsourcing causes - what it's caused by, rather. I understand, for instance, how to read a balance sheet. I happen to believe that having been in the private sector for twenty-five years gives me a perspective on how jobs are created - that someone who's never spent a day in the private sector, like President Obama, simply doesn't understand.

The singularity of Islam is its universality. As American citizens and as Muslims, you need to show there is something specific, namely our moral singularity. We believe there is one God and this one God is pushing us to reach universal values by liberating ourselves from our ego and by serving humanity. We must be involved in this by all means necessary, in a nonviolent way, through the legal, media, economic and cultural systems. We cannot achieve this if there is no courage, if we are not ready to sacrifice.

When you believe you have a future, you think in terms of generations and years. When you do not, you live not just by the day — but by the minute.

I am not a man who believes that we Germans bled and conquered thirty years ago [to be] pushed aside when great international decisions are made. If that were to happen, the place of Germany as a world power would be gone for ever. I am not prepared to let that happen.

This is a huge problem. If we don't deal with this within just a few years, you will have island nations flooded; you will have the agricultural balance of most countries completely changed; you will have a dramatic increase in the number of severe, unmanageable weather events... And the good news is that we can now deal with this problem - and strengthen our economic growth, not weaken it.

In Mexico, a poor country, higher education is of quite good quality -- and is free. Ten years ago the government tried to impose small fees. There was a national student strike and the government backed down. High tuition is not an economic necessity, as is easy to show, but a debt trap is a good technique of indoctrination and control. And resisting this makes good sense.

As far as I know, Russians are the first among tourists going to Turkey; last year three million Russians visited that country, although its climate zone is almost the same as the one of the Black sea region. Therefore, we have had an important task to develop an infrastructure in this region of the Russian Federation.

Oftentimes, your choices are down to two less than ideal outcomes, but you have to choose which one is the best one for the country. I personally believe he continues to struggle to articulate that.