Charlie Munger Quotes
I get flack for saying [when I visit a college and give a speech], "This is a nice college, but the really great educator is McDonald's." They hate me for saying this and think I'm a slimy creature. But McDonald's hires people with bad work habits, trains them, and teaches them to come to work on time and have good work habits. I think a lot of what goes on there is better than at Harvard.
Munger, Charles T. Wesco Financial Corporation Annual Meeting, 2004.
While this had become so in the early 21st century, is was only true for people who had the ability to learn complex material. For those who were poor learners, employment was then getting more and more difficult, and for many people who were bot able to learn new material that was complicated, their willingness could not help them often. For the rest of the workforce, even a very good eduction would not ensure continual employment. Continuius learning to keep up with continuous change was necessary.
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.