Charlie Munger Quotes


Those who will not face improvements because they are changes, will face changes that are not improvements.


Citations

Munger, Charles T. Wesco Financial Corporation Annual Meeting, 1998.

Related Quotes

The presidents had announced that they would resume diplomatic relations and allow trade, tourism, and other exchange after 40 years of U. S. policy boycotting Cuba to produce more democratic reform and regime change. Fidel Castro, however, became the longest serving ruler or leader of any country in the world, and despite (some argue because of) the boycott was also one of the most popular leaders. The boycott was based on faulty intelligence and after 40 years of no results, President Obama's administration reversed the historical policy that had not been working though there were some American Castro haters who objected to the change arguing that with more time and the death of Fidel Castro who was ill at the time, the boycott would be effective and then we could negotiate for something in exchange for lifting the boycott.


Charlie Munger
Charlie Munger
  • Born: January 1, 1924
  • Nationality: American
  • Profession: Businessman

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.