Charlie Munger Quotes

I have a company called Earl Campbell Foods. I got into the meat business in 1991.

Ya know, I always admired Ray Kroc, the man who invented McDonald's. Ray had a vision of the most commonplace thing - a hamburger and fries to go - but to him it was just the greatest thing ever, and he was going to make it the greatest thing ever for everybody else, and he did.

I always admired Ray Kroc, the man who invented McDonald's. Ray had a vision of the most commonplace thing - a hamburger and fries to go - but to him it was just the greatest thing ever, and he was going to make it the greatest thing ever for everybody else, and he did.

For decades, I've spoken of McDonald's as one of the premier examples of how to build a company, scale it, and ultimately sell it.

I have a couple different businesses.

We had a bunch of 'we's - a fitness concept, a restaurant concept. The first business plan we had included all of them.

Our aim was to insure repeat business based on the system's reputation rather than on the quality of a single store or operator.

You must take risks, both with your own money or with borrowed money. Risk taking is essential to business growth.

The most dangerous thing for an entrepreneur to do is to actually go into a business that he does not understand fully.

Companies like Papa John's are largely a collection of small independent businesses.

The recession's high unemployment rates may have encouraged people to start sole proprietorships, but there are many obstacles in the way of growing a company to create jobs.

My dad built his business by providing products he figured the customers would want.

Starting a business is similar to an athletic endeavor, like serving a tennis ball. Telling you how to do it is useless. You actually get better through a combination of practice, coaching, and repetitions with money on the line.

I've been a business person for 30 years. I started my own companies; I've invested in others.

If you want your company to succeed, you have to have the confidence in your business to take a bet on its future - to risk destroying a mediocre business model for the chance to have a strong one.

When you're building a business, you want to focus and deliver excellence at what you do. This simply cannot be done when you are launching multiple ventures, dozens of new products, and selling everywhere and anywhere at the same time.

You can't run a business just by selling one thing.

Honestly, if I could be anything, I'd love to be a small-business authority type of person.

My businesses are all related - retail, shopping centers, banking, real estate, and tourism development. Together they create synergy.

Good investors have to choose how to allocate their mind share with the precious capital they have.

I live by the business model that there is a better than, a less than, or a different than. Those are the three categories. I chose to be different than. The one that's different than will stand out with the proper work ethic.

Luck is not a business model.

If I had to do it all over again, rather than build an old style type of business, I would have started building a network marketing business.

Ignore the stock market, ignore the economy, and buy a business you understand.

Business plans are the tool existing companies use for execution. They are the wrong tool to search for a business model.