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Charlie Munger Quotes: In the 1930s, there was a stretch where you could borrow more against the real estate than you could sell it for. I think that's what's going on in today's private-equity world.
         

In the 1930s, there was a stretch where you could borrow more against the real estate than you could sell it for. I think that's what's going on in today's private-equity world.


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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Arrogance occurs in people who have achieved something and believe that they independently caused their own success with no assistance, support, or input from others.

Arrogance occurs in people who have achieved something and believe that they independently caused their own success with no assistance, support, or input from others.



An award does not change the quality of a book.

An award does not change the quality of a book.



My breath hovers over the river of God - / Softly I set my foot / On the path to my long home.

My breath hovers over the river of God - / Softly I set my foot / On the path to my long home.



According to the Bank of England the economy is growing too fast so interest rates must rise to counter the supposed inflationary threat.

According to the Bank of England the economy is growing too fast so interest rates must rise to counter the supposed inflationary threat.



And he made love to her, offering his body in both tenderness and anger, unsure which was the best way to pass her bits of his soul so that she could patch her own with it

And he made love to her, offering his body in both tenderness and anger, unsure which was the best way to pass her bits of his soul so that she could patch her own with it



I had a band with a girl in New York, and we would go around and do gigs. And then I happened to start getting work as an actress.

I had a band with a girl in New York, and we would go around and do gigs. And then I happened to start getting work as an actress.



I always lift weights very heavy and spend a lot of time in the weight room.

I always lift weights very heavy and spend a lot of time in the weight room.



I'm the first one out on the dance floor. In college I had to take jazz, ballet and tap dancing, but, before that, it was just social.

I'm the first one out on the dance floor. In college I had to take jazz, ballet and tap dancing, but, before that, it was just social.



All my friends are super normal.

All my friends are super normal.



The counterpart of the suicide is the seeker; but the difference between them is slight.

The counterpart of the suicide is the seeker; but the difference between them is slight.




Quote Description


This page presents the quote "In the 1930s, there was a stretch where you could borrow more against the real estate than you could sell it for. I think that's what's going on in today's private-equity world.". Author of this quote is Charlie Munger. This quote is about equity, today, thinking, 1930s, real, world,.