Charlie Munger Quotes


We all are learning, modifying, or destroying ideas all the time. Rapid destruction of your ideas when the time is right is one of the most valuable qualities you can acquire. You must force yourself to consider arguments on the other side.


Citations

Kaufman, Peter D., editor. Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger. 3rd ed., Walsworth Publishing Company, 2005.

Related Quotes

Although this quotation has been cited by many scholars, none has yet given a primary citation. As a result a few researchers question the attribution to Keynes and argue that the first primary source of this notion was the Nobel Laureate in Economics Paul Samuelson -- Quote {645739}. However, even Samuelson attributed this quotation to Keynes although he did not do so at this particualr interview.


See {627632} for an earlier advocy of change when circumstances warrant and {636175} for a modern view.


The earliest expression of this idea was by the British Economist John Maynard Keynes -- Quotation {610150}


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.