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Charlie Munger Quotes: To say accounting for derivatives is Americais a sewer is an insult to sewage.
         

To say accounting for derivatives is Americais a sewer is an insult to sewage.


Charlie Munger
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"Charlie Munger Quotes." Quoteslyfe.com, 2024. Sun. 24 Nov. 2024. <https://www.quoteslyfe.com/quote/To-say-accounting-for-derivatives-is-Americais-460968>.





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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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He who writes well runs the civilization. Everyone else does the grunt work.

He who writes well runs the civilization. Everyone else does the grunt work.




Science gives man what he needs.But magic gives him what he wants.

Science gives man what he needs.But magic gives him what he wants.



Writing is a solitary endeavor, being an author is not.

Writing is a solitary endeavor, being an author is not.



I always - I knew from day one , in college, that I wanted to be a teacher .But I don't think I had envisioned becoming a professor at the time. I remained a history major until 1951.

I always - I knew from day one , in college, that I wanted to be a teacher .But I don't think I had envisioned becoming a professor at the time. I remained a history major until 1951.



Advertising is the principal reason why the business person has come to inherit the earth.

Advertising is the principal reason why the business person has come to inherit the earth.



Writing pilots is such a specific thing. It's not even really writing TV shows. A pilot is its own beast.

Writing pilots is such a specific thing. It's not even really writing TV shows. A pilot is its own beast.



A true friend is a sort of second self.

A true friend is a sort of second self.



The quickest way to forget about your pain is to help someone who hurts more.

The quickest way to forget about your pain is to help someone who hurts more.



We pardon familiar vices.

We pardon familiar vices.




Quote Description


This page presents the quote "To say accounting for derivatives is Americais a sewer is an insult to sewage.". Author of this quote is Charlie Munger. This quote is about insult, accounting, derivatives,.