A great civilization will bear a lot of abuse, but there are dangers in the current situation that threaten anyone who swings for the fences.
Charles Munger
Why don't I kill your mother and we'll split the insurance money?
money mother kill insurance
Those two guys are two of the smartest young men in the country, and it's much better to be copied by people that smart.
people men smart guys young country
You have a real asset-price bubble in places like parts of California and the suburbs of Washington, D.C.
places real california washington
I know someone who lives next door to what you would actually call a fairly modest house that just sold for 7 million. There are some very extreme housing price bubbles going on.
door lives call price house extreme
The present era has no comparable referent in the past history of capitalism. We have a higher percentage of the intelligentsia engaged in buying and selling pieces of paper and promoting trading activity than in any past era. A lot of what I see now reminds me of Sodom and Gomorrah. You get activity feeding on itself, envy and imitation. It has happened in the past that there came bad consequences.
history capitalism past present bad imitation envy pieces consequences paper selling
civilization abuse great situation bear
We just throw some decisions into the 'too hard' file and go onto others.
decisions
I would rather throw a viper down my shirtfront than hire a compensation consultant.
compensation
It's worse than that. Those people who wanted to round pi to 3.2 were stupid. These people [the opponents of expensing options] are worse than stupid. They know it's wrong and want to do it anyway.
people wrong stupid worse
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.
trouble people problem optimistic face window
You must log in to post a comment.
There are no comments yet.