Charlie Munger Quotes

The market came with the dawn of civilization and it is not an invention of capitalism. If it leads to improving the well-being of the people there is no contradiction with socialism.

My analysis, especially of the computer revolution, always comes back to capitalism. It's that economic system that has led to Western civilization's willingness to enslave ourselves to machines - because some people benefit enormously from it, while the costs are borne by other people and the planet.

I think there's a real tension between capitalism and morality. That's not to say these systems aren't powerful and useful, but to assume that capitalism can somehow assure moral behavior or character, that's just a pipe dream.

There are not enough rich and powerful people to consume the whole world; for that, the rich and powerful need the help of countless ordinary people.

To reverse the effects of civilization would destroy the dreams of a lot of people. There's no way around it. We can talk all we want about sustainability, but there's a sense in which it doesn't matter that these people's dreams are based on, embedded in, intertwined with, and formed by an inherently destructive economic and social system. Their dreams are still their dreams. What right do I -- or does anyone else -- have to destroy them. At the same time, what right do they have to destroy the world?

In all of Western civilization, there have been societies that celebrating the homosexuality, the ancient Greeks. But they, in fact, protected the institution of marriage as a union between one man and one woman. They got the joke. And the American people get the joke.

To consider powerful souls as if they were a useful public resource is quite foreign to our customs. In a small sense it is undemocratic, for it assumes that some people really know better in a way that must seem arbitrary to most. In a large sense it is certainly democratic, in that it makes the great man serve as a man.

Our freedom of choice in a competitive society rests on the fact that, if one person refuses to satisfy our wishes, we can turn to another. But if we face a monopolist we are at his absolute mercy. And an authority directing the whole economic system of the country would be the most powerful monopolist conceivable…it would have complete power to decide what we are to be given and on what terms. It would not only decide what commodities and services were to be available and in what quantities; it would be able to direct their distributions between persons to any degree it liked.

The measure of progress of civilization is the progress of the people.

There is one bit of advice given us by the ancient Greeks, and by the Jews in the Old Testament, and by the great Christian teachers of the Middle Ages, which the modern economic system has completely disobeyed. All these people told us not to lend money at interest; and lending money at interest - what we call investment - is the basis of our whole system.

While I am a great believer in the free enterprise system and all that it entails, I am an even stronger believer in the right of our people to live in a clean and pollution-free environment.

As an economy measures performance in terms of the creation of money, people become a major source of inefficiency.

But thus I counsel you, my friends: Mistrust all in whom the impulse to punish is powerful. They are people of a low sort and stock; the hangmen and the bloodhound look out of their faces. Mistrust all who talk much of their justice! Verily, their souls lack more than honey. And when they call themselves the good and the just, do not forget that they would be pharisees, if only they had-power.

When people are against profits they're against business; when they're against business, they're against employment; when they're against employment, it's not surprising that a large number of them are unemployed.

God, I love the "fine morality" of the wealthy and powerful. You'll spill tears over your own, in a heartbeat. And then never even look twice at people below you, whose very lives are ground under every day, day after day, year after year.

Let the "socialist" snivellers croak, let the bourgeoisie rage and fume, but only people who shut their eyes so as not to see, and stuff their ears so as not to hear, can fail to notice that all over the world the birth pangs of the old, capitalist society, which is pregnant with socialism, have begun.

These people talk of a "middle-of-the-road" policy. What they do not see is that the isolated interference, which means the interference with only one small part of the economic system, brings about a situation which the government itself — and the people who are asking for government interference — find worse than the conditions they wish to abolish: the people who are asking for rent control are very angry when they discover there is a shortage of apartments and a shortage of housing.

Powerful people have no regrets.

Any form of government, not just Capitalism, is whatever people who have all our money, drunk or sober, sane or insane, decide to do today.

I believe innovation is the most powerful force for change in the world. People who are pessimistic about the future tend to extrapolate from the present in a straight line. But innovation fundamentally shifts the trajectory of development.

It is my hypothesis that the fundamental source of conflict in this new [post-Cold-War] world will not be primarily ideological or primarily economic. The great divisions among humankind and the dominating source of conflict will be cultural. Nation states will remain the most powerful actors in world affairs, but the principal conflicts of global politics will occur between nations and groups of different civilizations. The clash of civilizations will dominate global politics. The fault lines between civilizations will be the battle lines of the future.

The truth is we have a political system and an economic system controlled by a few extremely wealthy people. Not Barack Obama, not Bernie Sanders, no one person has the influence by himself or herself to take on this enormous array of power unless millions of people begin to work together to demand changes.

No development strategy can be based only upon what comes out of the ground, nor can it be sustained while young people are out of work.

We must each walk through life on our own, but we don't have to do it alone. God wants a powerful people. He gives His power to those who are faithful. We have a sacred obligation to seek after the power of God and then to use that power as He directs. And when we have the power of God with us, nothing is impossible.

I often have a few scents depending on if I'm playing a character. The character may be wearing a scent that perhaps I wouldn't wear. We've all got different moods and ways we want to express ourselves; scent is a very powerful way to let people in to your secret life.