Charlie Munger Quotes

But now that foreign steel, and foreign cars, are moving into the United States in increased quantities at relatively low prices, the United States can no longer keep its business system fluid by inflation.

Today, the competition is considerably more intense.

Global competition is about winners and losers.

The packaged food business environment is very Darwinian. You're fighting for survival every year; you evolve and grow or you die. It's really that simple.

We are in a global competitive world. And in the future it will be even more, and more, and more global.

Unlike the 19th century, when real estate and government bonds were the primary form of capital, it is riskier assets that generate most of the wealth in the modern global economy — assets that can more quickly lose value as a result of changes in technology or global competition.

One of the biggest lies in capitalism is that companies like competition. They don't. Nobody likes competition.

All strategy depends on competition.

The competition is pretty rough these days.

The high-tech business, the semiconductor business, it's very competitive. You're out there every day slugging it out, no different from players slugging it out on the ice.

Our role is to maintain and monitor a framework in which fair competition can flourish.

Winning in my business is everything.

But in the free market system, you're forced to change.

Our employers today face numerous challenges and stiff competition from businesses all over the world.

Ukrainian business must really embrace global competition. We need to understand that competition for resources and clients is not with competitors from across the street or from another city, but with millions of businesses around the world.

Modern industry and the opening of the world market made the struggle universal and at the same time gave it unheard-of virulence. Advantages in natural or artificial conditions of production now decide the existence or non-existence of individual capitalists as well as of whole industries and countries. He that falls is remorselessly cast aside.

Globalization tends to turn all friends and enemies into competitors.

In the economic competition, in the technological competition, we are competitors; we are not allies.

Modern competition is often described as a fight of all against all.

There is no resting place for an enterprise in a competitive economy.

Mercantile jealousy is excited, and both inflames, and is itself inflamed, by the violence of national animosity:..

Every time you go for more competition, some people don’t like it, but that’s the way it is. We believe it is better for the people.

We live in a dynamic time, where the rate of change and the rate of innovation are very high. It’s not equal in all segments or sectors of the economy, but we are seeing a lot of innovation in certain sectors, and I expect that to continue.

Sometimes, for businesses, competition can be inconvenient, because competition means that the race is never over, the game is never won. No matter how well you were doing in the past, there's always someone who are out there wanting to take your place. So the temptation to avoid competition is powerful. It's rooted in motives as old as Adam and Eve: in greed for yet more money, in fear of losing your position in the market and all the benefits it brings.

Cycling is a business.