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Charlie Munger Quotes: Clever derivatives broke dozens of companies. It killed them. Bankrupt. We don't need these kinds of innovation in finance. It's OK to be boring in finance. What we want is innovation in widgets.
         

Clever derivatives broke dozens of companies. It killed them. Bankrupt. We don't need these kinds of innovation in finance. It's OK to be boring in finance. What we want is innovation in widgets.


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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When we're in that kind of childish space, we're more genuine and feel more comfortable with our friends.

When we're in that kind of childish space, we're more genuine and feel more comfortable with our friends.



Nature is full of teeth that come in one by one, then decay, fall out.

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Nutrition is also a valuable component that can help athletes both protect themselves and improve performance.

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Demeanor-wise, Reagan was a conservative, but a pragmatic conservative, and he found silver linings in things. He liked to be a mediator. He didn't like to have enemies around him.

Demeanor-wise, Reagan was a conservative, but a pragmatic conservative, and he found silver linings in things. He liked to be a mediator. He didn't like to have enemies around him.



I am now The Establishment. There's nothing I can do about it.

I am now The Establishment. There's nothing I can do about it.



It is the duty of a non-co-operator to preach disaffection towards the existing order of things. Non-co-operators are but giving disciplined expression to a nation's outraged feelings.

It is the duty of a non-co-operator to preach disaffection towards the existing order of things. Non-co-operators are but giving disciplined expression to a nation's outraged feelings.



You have to take a lot of bad pictures. Dont' be afraid to take bad pictures... You have to take a lot of bad pictures in order to know when you've got a good one.

You have to take a lot of bad pictures. Dont' be afraid to take bad pictures... You have to take a lot of bad pictures in order to know when you've got a good one.



In fact, the place where we have indicted more terrorists or potential terrorists, is our Northern border.

In fact, the place where we have indicted more terrorists or potential terrorists, is our Northern border.



If I have a love-hate relationship with Martinsville, then we're missing the love part of the equation.

If I have a love-hate relationship with Martinsville, then we're missing the love part of the equation.



For evil to take place, the acts of a few people are not sufficient; the great majority also has to remain indifferent. That is something of which we are all quite capable.

For evil to take place, the acts of a few people are not sufficient; the great majority also has to remain indifferent. That is something of which we are all quite capable.




Quote Description


This page presents the quote "Clever derivatives broke dozens of companies. It killed them. Bankrupt. We don't need these kinds of innovation in finance. It's OK to be boring in finance. What we want is innovation in widgets.". Author of this quote is Charlie Munger. This quote is about finance, boring, derivatives, innovation, clever, want, needs, broke,.