Phrase by 'Charlie Munger'
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I love when I think we're taking territory - if it makes sense in the long term, we just don't give a damn what it looks like in the short term. After all, we're running a cult, not a normal company.
Author: Charlie Munger - American BusinessmanLove , Long , Short , Think
Wells Fargo had a glitch - the truth of the matter is they made a business judgement that was wrong. I don't think anything is fundamentally wrong.
Author: Charlie Munger - American BusinessmanThink , Truth , Business , Matter
They made a mistake. And it was an easy mistake to make. I don't regard setting incentives aggressively as a mistake. I think the mistake was, when the bad news came, they didn't recognize it directly. I don't think that impairs the future of Wells Fargo. They'll be better for it.
Author: Charlie Munger - American BusinessmanThink , Better , Mistake , Future
If you're glued together right and honorable, you will succeed. Get in there and get rid of stupidities and avoid bad people. Try teaching that to your grandchildren. The best way is by example. Fix yourself.
Author: Charlie Munger - American BusinessmanYou , Yourself , Best , Together
The first rule is that you can't really know anything if you just remember isolated facts and try and bang 'em back. If the facts don't hang together on a latticework of theory, you don't have them in a usable form.
Author: Charlie Munger - American BusinessmanYou , Know , Remember , Together
I've got some advice for the young: If you've got anything you really want to do, don't wait until you're 93.
Author: Charlie Munger - American BusinessmanYou , Want , Wait , Advice
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