Charlie Munger Quotes

Every business will face tough times.

Unfortunately, since the Sept. 11 tragedy, our business is not doing too well.

Shops are not a growing business, so it's a scary place to be.

I cannot help but raise a dissenting voice to statements that we are living in a fool's paradise, and that prosperity in this country must necessarily diminish and recede in the near future

The record business has been so unpleasant and so bad for so long.

It's simplicity itself that its future will be way worse than its past.

Does the business have favourable long term prospects?

The past is only so heroic as we see it. It is the canvas on which our idea of heroism is painted, and so, in one sense, the dim prospectus of our future field.

I've read about all the sales today. If you're an auto dealer, you're feeling it. If you're a furniture retailer like we are, you're feeling it. If you're a jewelry retailer, you're feeling it. I know some of these businesses because we're in them. Yeah, it's being felt, but it will be felt big time more if we don't do something about it, what's going on.

I don't understand small businesses, only big ones. Marriage is the hardest small business.

We are all prisoners of our past. It is hard to think of things except in the way we have always thought of them. But that solves no problems and seldom changes anything.

You can't base your life on the past or the present. You have to tell me about your future.

Those who can forget the past are way ahead of the rest of us.

To mourn a mischief that is past and gone Is the next way to draw new mischief on.

What's happening right now in the Hip Hop industry is that it is deeply affected by the general economy of America.

We are all ashamed in one way or another. Who among us is not stained by the past?

You can lose your way groping among the shadows of the past.

In the decade ahead I can predict that we will provide over twice the productivity improvement that we provided in the '90s.

Photographs are a way of imprisoning reality, understood as recalcitrant, inaccessible; of making it stand still. One can't possess reality, one can possess (and be possessed by) images — as, according to Proust, most ambitious of voluntary prisoners, one can't possess the present but one can possessthe past.

The risk that the economy has entered a substantial downturn appears to have diminished over the past month or so.

A reason that the past is so hated by the young is that there is no way to be entirely free of it.

Don't pass up something that's attractive today because you think you will find something way more attractive tomorrow.

The cradle of the future is the grave of the past.

I don't think China has professional museums - not in the past, present, or near future.

Arguments from authority carry little weight – authorities have made mistakes in the past. They will do so again in the future. Perhaps a better way to say it is that in science there are no authorities; at most, there are experts.