The total amount paid out in dividends is roughly equal to the amount lost in trading and investment advice, so net dividends to shareholders are zero. This is a very peculiar way to run a republic.
I don't have too much interest in teaching other people how to get rich. And that isn't because I fear the competition or anything like that - Warren… - Charlie Munger
I don't have too much interest in teaching other people how to get rich. And that isn't because I fear the competition or anything like that - Warren…
- Charlie Munger
We don't have any miraculous way of avoiding taxes at Wesco and Berkshire. - Charlie Munger
We don't have any miraculous way of avoiding taxes at Wesco and Berkshire.
You don't have to be brilliant, only a little bit wiser than the other guys, on average, for a long, long, time. - Charlie Munger
You don't have to be brilliant, only a little bit wiser than the other guys, on average, for a long, long, time.
Knowing what you don't know is more useful than being brilliant. - Charlie Munger
Knowing what you don't know is more useful than being brilliant.
For years I have read the morning paper and harrumphed. There's a lot to harrumph about now. - Charlie Munger
For years I have read the morning paper and harrumphed. There's a lot to harrumph about now.
The big money is not in the buying and selling ... but in the waiting. - Charlie Munger
The big money is not in the buying and selling ... but in the waiting.
It is remarkable how much long-term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be very intell… - Charlie Munger
It is remarkable how much long-term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be very intell…
Opportunity comes to the prepared mind. - Charlie Munger
Opportunity comes to the prepared mind.
Those who will not face improvements because they are changes, will face changes that are not improvements. - Charlie Munger
Those who will not face improvements because they are changes, will face changes that are not improvements.
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