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Charlie Munger

American

January 1, 1924

Businessman

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There's more honor in investment management than in investment banking.

Tags: More Than Honor

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.

Tags: Money Just Who

There's danger in just shoveling out money to people who say, 'My life is a little harder than it used to be.' At a certain place you've got to say to the people, 'Suck it in and cope, buddy. Suck it in and cope.'

Tags: Money You People