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Charlie Munger Quotes: A banker who is allowed to borrow money at X and loan it out at X plus Y will just go crazy and do too much of it if the civilization doesn't have rules that prevent it.
         

A banker who is allowed to borrow money at X and loan it out at X plus Y will just go crazy and do too much of it if the civilization doesn't have rules that prevent it.


Charlie Munger
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Other quotes of Charlie Munger


The best thing a human being can do is to help another human being know more.

The best thing a human being can do is to help another human being know more.



Intelligent people make decisions based on opportunity costs.

Intelligent people make decisions based on opportunity costs.



Mimicking the herd invites regression to the mean.

Mimicking the herd invites regression to the mean.



I did not succeed in life by intelligence. I succeeded because I have a long attention span.

I did not succeed in life by intelligence. I succeeded because I have a long attention span.



The big money is not in the buying and selling ... but in the waiting.

The big money is not in the buying and selling ... but in the waiting.



Great investing requires a lot of delayed gratification.

Great investing requires a lot of delayed gratification.



When you locate a bargain, you must ask, 'Why me, God? Why am I the only one who could find this bargain?'

When you locate a bargain, you must ask, 'Why me, God? Why am I the only one who could find this bargain?'



Our job is to find a few intelligent things to do, not to keep up with every damn thing in the world.

Our job is to find a few intelligent things to do, not to keep up with every damn thing in the world.



I believe in the discipline of mastering the best that other people have ever figured out. I don't believe in just sitting down and trying to dream it all up yourself. Nobody's that smart.

I believe in the discipline of mastering the best that other people have ever figured out. I don't believe in just sitting down and trying to dream it all up yourself. Nobody's that smart.



A lot of success in life and business comes from knowing what you want to avoid: early death, a bad marriage, etc.

A lot of success in life and business comes from knowing what you want to avoid: early death, a bad marriage, etc.





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Don't just write a "To Do" list. Write a "To Be" list.

Don't just write a "To Do" list. Write a "To Be" list.



Let the readers do some of the work themselves

Let the readers do some of the work themselves



sometimes the only thing wrong with you is thinking something's wrong with you.

sometimes the only thing wrong with you is thinking something's wrong with you.



Experience has taught me that there are some situations in which it's better to keep quiet. That is, I tried to keep quiet. Life gives me good advice, but sometimes I refuse to take it.

Experience has taught me that there are some situations in which it's better to keep quiet. That is, I tried to keep quiet. Life gives me good advice, but sometimes I refuse to take it.



Real love is the shared loneliness".

Real love is the shared loneliness".



Modesty is hardly to be described as a virtue. It is a feeling rather than a disposition. It is a kind of fear of falling into disrepute.

Modesty is hardly to be described as a virtue. It is a feeling rather than a disposition. It is a kind of fear of falling into disrepute.



Voice comes to you through a spell, a trance. The best voices are not you... they're a little away from you.

Voice comes to you through a spell, a trance. The best voices are not you... they're a little away from you.



I am often asked why I use a variety of pen names. The answer is that this way readers always know which of my three worlds they will be entering when they pick up one of my books.

I am often asked why I use a variety of pen names. The answer is that this way readers always know which of my three worlds they will be entering when they pick up one of my books.



I like to sing and leave songs on voicemail. It comes from the heart.

I like to sing and leave songs on voicemail. It comes from the heart.



We catch frightful glimpses of ourselves in the hostile eyes of others.

We catch frightful glimpses of ourselves in the hostile eyes of others.




Quote Description


This page presents the quote "A banker who is allowed to borrow money at X and loan it out at X plus Y will just go crazy and do too much of it if the civilization doesn't have rules that prevent it.". Author of this quote is Charlie Munger. This quote is about bankers, crazy, loan, civilization, plus, money, too much,.