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Warren gave a very optimistic prognosis. Some people seem to think there's no trouble just because it hasn't happened yet. If you jump out the window at the 42nd floor and you're still doing fine as you pass the 27th floor, that doesn't mean you don't have a serious problem. I would want to address the problem right now. They'd better face it.


Charles Munger

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More Charles Munger

We just throw some decisions into the 'too hard' file and go onto others.
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CHARLES MUNGER Why don't I kill your mother and we'll split the insurance money?
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CHARLES MUNGER The present era has no comparable referent in the past history of capitalism. We have a higher perce...
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CHARLES MUNGER I would rather throw a viper down my shirtfront than hire a compensation consultant.
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CHARLES T. MUNGER In my whole life, I have known no wise people (over a broad subject matter area) who didn't read all...
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CHARLIE MUNGER Wall Street has too much wealth and political power.
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CHARLES SCHWAB My mother, at least twice, cancelled our family's subscription to the newspaper I was working on...
CHARLES KURALT I'd rather go by bus.
PRINCE CHARLES A leader may symbolize and express what is best in people, like Pericles, or what is worst, like Hit...
CHARLES YOST Send forth the child and childish man together, and blush for the pride that libels our own old happ...
CHARLES DICKENS I have made so many mistakes, and such really stupid ones, I would start blubbing away if I could re...
CHARLES SAATCHI This is very true: For my words are my own, and my actions are my ministers.
CHARLES II Questions focus our thinking. Ask empowering questions like: What's good about this? What's not perf...
CHARLES CONNOLLY No man really becomes a fool until he stops asking questions.
CHARLES STEINMETZ Success is that old ABC - ability, breaks, and courage.
CHARLES LUCKMAN Watching cold fusion is like watching water boil in slow motion. First, sufficient deuterium has to ...
CHARLES PLATT I took Bobby Kennedy through the delta and he cried like a baby.
CHARLES EVERS The highest stage in moral culture at which we can arrive is when we recognize that we ought to cont...
CHARLES DARWIN I have steadily endeavored to keep my mind free so as to give up any hypothesis, however much belove...
CHARLES DARWIN Without speculation there is no good and original observation.
CHARLES DARWIN The presence of a body of well-instructed men, who have not to labor for their daily bread, is impor...
CHARLES DARWIN It is not the strongest of the species that survive, nor the most intelligent, but the one most resp...
CHARLES DARWIN It has been a bitter mortification for me to digest the conclusion that the 'race is for the strong'...
CHARLES DARWIN ...it is always advisable to perceive clearly our ignorance.
CHARLES DARWIN I am determined that my children shall be brought up in their father's religion, if they can find o...
CHARLES LAMB The rigid saint, by whom no mercy's shown To saints whose lives are better than his own.
CHARLES CHURCHILL Do not expect the world to look bright, if you habitually wear gray-brown glasses.
CHARLES ELIOT You will never "find" time for anything. If you want time you must make it.
CHARLES BUXTON Evil is done without effort, naturally, it is the working of fate; good is always the product of an...
CHARLES BAUDELAIRE It is necessary to work, if not from inclination, at least from despair. Everything considered, wor...
CHARLES BAUDELAIRE It is by universal misunderstanding that all agree. For if, by ill luck, people understood each ot...
CHARLES BAUDELAIRE You will never exaggerate when you speak good things of God. It is not possible to do so. Try, dear ...
CHARLES SPURGEON Discord occasions a momentary distress to the ear, which remains unsatisfied, and even uneasy, u...
CHARLES BURNEY