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Charlie Munger Quotes: Kellogg's and Campbell's moats have also shrunk due to the increased buying power of supermarkets and companies like Wal-Mart. The muscle power of Wal-Mart and Costco has increased dramatically.
         

Kellogg's and Campbell's moats have also shrunk due to the increased buying power of supermarkets and companies like Wal-Mart. The muscle power of Wal-Mart and Costco has increased dramatically.


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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No friendship is an accident.

No friendship is an accident.



I think I can speak for a lot of people in that they would be pretty nervous about meeting Harrison Ford, and I was definitely one of those people.

I think I can speak for a lot of people in that they would be pretty nervous about meeting Harrison Ford, and I was definitely one of those people.



The person who received maximum affection from mother, that person also sort of cultivated the potential showing affection to others.

The person who received maximum affection from mother, that person also sort of cultivated the potential showing affection to others.



I believe the impossible is possible to overcome I believe in miracles Born from love in everyone

I believe the impossible is possible to overcome I believe in miracles Born from love in everyone



Never before has the world been so desperately asking for answers to crucial questions, and never before has the world been so frantically committed to the idea that no answers are possible.

Never before has the world been so desperately asking for answers to crucial questions, and never before has the world been so frantically committed to the idea that no answers are possible.



In Tokyo, London or Los Angeles people go into McDonald's and the restaurants are identical and people are comfortable. It's unthreatening.

In Tokyo, London or Los Angeles people go into McDonald's and the restaurants are identical and people are comfortable. It's unthreatening.



I smoke till I got chest pains

I smoke till I got chest pains



They're lacking culture in Hollywood. That gives me a big up, right? I know something about pop culture.

They're lacking culture in Hollywood. That gives me a big up, right? I know something about pop culture.



Why be unhappy about something if it can be remedied? And what is the use of being unhappy about something if it cannot be remedied?

Why be unhappy about something if it can be remedied? And what is the use of being unhappy about something if it cannot be remedied?




Quote Description


This page presents the quote "Kellogg's and Campbell's moats have also shrunk due to the increased buying power of supermarkets and companies like Wal-Mart. The muscle power of Wal-Mart and Costco has increased dramatically.". Author of this quote is Charlie Munger. This quote is about muscles, supermarkets, power, moats, buying, costco,.