Charlie Munger Quotes About Duty
-
We get these questions a lot from the enterprising young. It's a very intelligent question: You look at some old guy who's rich and you ask, 'How can I become like you, except faster?' Spend each day trying to be a little wiser than you were when you woke up. Discharge your duties faithfully and well. Step by step you get ahead, but not necessarily in fast spurts. But you build discipline by preparing for fast spurts... Slug it out one inch at a time, day by day, at the end of the day -- if you live long enough -- most people get what they deserve.
→ -
I think the idea that the hedge fund manager gets lower taxes than the taxi driver or the physics professor is insane. The legislators who leave that policy in place are derelict in their duties to be rational and fair. There are plenty of them in both political parties. It's totally outrageous.
→ -
Those of us who have been very fortunate have a duty to give back. Whether one gives a lot as one goes along as I do or a little and then a lot [when one dies] as Warrendoes is a matter of personal preference. I would hate to have people ask me for money all day long.
→ -
I think we have lost our way when people like the [board of] governors and the CEO of the NYSE fail to realize they have a duty to the rest of us to act as exemplars... You do not want your first-grade school teacher to be fornicating on the floor or drinking booze in the classroom; similarly you do not want your stock exchange to be setting the wrong moral example.
→
Related Authors
-
Walter Schloss Investor -
Philip Arthur Fisher Author -
Irving Kahn Investor -
Bill Ackman Hedge fund manager -
John C. Bogle Investor -
Bill Gates Investor -
Guy Spier Author -
Jared Fogle Spokesman -
Satya Nadella Executive -
George Soros Business magnate -
Seth Klarman Author -
Warren Buffett Investor -
Mohnish Pabrai Investor -
Peter Lynch Businessman -
Ray Dalio Businessman -
Wilbur Ross Investor -
Joel Greenblatt Manager -
Al-Waleed bin Talal Businessman -
Whitney Tilson Author -
Benjamin Graham Investor