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Charlie Munger Quotes: In the LBO field there is a buried
         

In the LBO field there is a buried "covariance" with marketable equities, toward disaster in generally bad business conditions, and competition is now extremely intense.


Charlie Munger
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Other quotes of Charlie Munger


The best thing a human being can do is to help another human being know more.

The best thing a human being can do is to help another human being know more.



Intelligent people make decisions based on opportunity costs.

Intelligent people make decisions based on opportunity costs.



Mimicking the herd invites regression to the mean.

Mimicking the herd invites regression to the mean.



I did not succeed in life by intelligence. I succeeded because I have a long attention span.

I did not succeed in life by intelligence. I succeeded because I have a long attention span.



The big money is not in the buying and selling ... but in the waiting.

The big money is not in the buying and selling ... but in the waiting.



Great investing requires a lot of delayed gratification.

Great investing requires a lot of delayed gratification.



When you locate a bargain, you must ask, 'Why me, God? Why am I the only one who could find this bargain?'

When you locate a bargain, you must ask, 'Why me, God? Why am I the only one who could find this bargain?'



Our job is to find a few intelligent things to do, not to keep up with every damn thing in the world.

Our job is to find a few intelligent things to do, not to keep up with every damn thing in the world.



I believe in the discipline of mastering the best that other people have ever figured out. I don't believe in just sitting down and trying to dream it all up yourself. Nobody's that smart.

I believe in the discipline of mastering the best that other people have ever figured out. I don't believe in just sitting down and trying to dream it all up yourself. Nobody's that smart.



A lot of success in life and business comes from knowing what you want to avoid: early death, a bad marriage, etc.

A lot of success in life and business comes from knowing what you want to avoid: early death, a bad marriage, etc.





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Dreams and restless thoughts came flowing to him from the river, from the twinkling stars at night, from the sun's melting rays. Dreams and a restlessness of the soul came to him.

Dreams and restless thoughts came flowing to him from the river, from the twinkling stars at night, from the sun's melting rays. Dreams and a restlessness of the soul came to him.



Absolutely nothing. That's what I'm going to do for two weeks. Not think. If I start to think, I'm going to think really hard about not thinking until I quit thinking.

Absolutely nothing. That's what I'm going to do for two weeks. Not think. If I start to think, I'm going to think really hard about not thinking until I quit thinking.




Peace rules the day where reason rules the mind.

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A talent somewhat above mediocrity shrewd and not too sensitive is more likely to rise in the world than genius which is apt to be perturbable and to wear itself out before fruition.

A talent somewhat above mediocrity shrewd and not too sensitive is more likely to rise in the world than genius which is apt to be perturbable and to wear itself out before fruition.



The finest mode of transport known to man.

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One day ladies will take their computers for walks in the park and tell each other, "My little computer said such a funny thing this morning".

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The greatest magnifying glasses in the world are a man's own eyes when they look upon his own person.

The greatest magnifying glasses in the world are a man's own eyes when they look upon his own person.



Occasionally, some sitcoms still stereotype women - the old dragon or the dolly bird - but on the whole we've moved away from that.

Occasionally, some sitcoms still stereotype women - the old dragon or the dolly bird - but on the whole we've moved away from that.



I never fear my opponent, for me he only represents a new challenge to conquer.

I never fear my opponent, for me he only represents a new challenge to conquer.




Quote Description


This page presents the quote "In the LBO field there is a buried &quot;covariance&quot; with marketable equities, toward disaster in generally bad business conditions, and competition is now extremely intense.". Author of this quote is Charlie Munger. This quote is about buried, intense, conditions, competition, disaster, fields, bad business,.