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kulman
Senior Member
Joined: 02/Sep/2006
Location: India
Online Status: Offline
Posts: 9319
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   Posted: 19/Mar/2007 at 2:52pm |
“When they’re talking, they’re lying, and when they’re quiet, they’re stealing”---Charlie Munger
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Life can only be understood backwards—but it must be lived forwards
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kulman
Senior Member
Joined: 02/Sep/2006
Location: India
Online Status: Offline
Posts: 9319
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Posted: 19/Mar/2007 at 7:59pm |
"A lot of opportunities in life tend to last a short while, due to some temporary inefficiency... For each of us, really good investment opportunities aren't going to come along too often and won't last too long, so you've got to be ready to act and have a prepared mind”---Charlie Munger
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Life can only be understood backwards—but it must be lived forwards
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kulman
Senior Member
Joined: 02/Sep/2006
Location: India
Online Status: Offline
Posts: 9319
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Posted: 20/Mar/2007 at 6:34pm |
"Some people seem to think there is no trouble just because it has not happened yet. If you jump out the window at the 42nd floor and you are still doing fine as you pass the 27th floor, that does not mean you do not have a serious problem. I would want to address the problem right now. They'd better face it”---Charlie Munger
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Life can only be understood backwards—but it must be lived forwards
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BubbleVision
Senior Member
Joined: 05/Aug/2006
Location: India
Online Status: Offline
Posts: 3142
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Posted: 20/Mar/2007 at 8:31pm |
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This quote was really out of the box by Charlie.
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You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer!
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Mohan
Senior Member
Joined: 09/Feb/2007
Location: United States
Online Status: Offline
Posts: 1855
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Posted: 20/Mar/2007 at 10:03pm |
Originally posted by kulman
"Some people seem to think there is no trouble just because it has not happened yet. If you jump out the window at the 42nd floor and you are still doing fine as you pass the 27th floor, that does not mean you do not have a serious problem. I would want to address the problem right now. They'd better face it”---Charlie Munger
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Wow, To have foresight,vision and conviction like this is simply amazing
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Be fearful when others are greedy and be greedy when others are fearful.
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manishdave
Senior Member
Joined: 05/Aug/2006
Location: India
Online Status: Offline
Posts: 1371
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Posted: 20/Mar/2007 at 4:50am |
Charlie's Favourite quote -
To a man with hammer, everything looks like nail.
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kulman
Senior Member
Joined: 02/Sep/2006
Location: India
Online Status: Offline
Posts: 9319
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Posted: 21/Mar/2007 at 10:42pm |
"In many corporations, there is an obsession with meeting quarterly earnings targets. To do so, they'd fudge a little, sell stock at a capital gain, sell a building or two... Then, if that was not enough, they would engage in channel stuffing — if you were selling through a middleman, you could unload your product at the end of the quarter and make the current quarter look better but, of course, the next quarter would be worse. For many major pharmaceutical, consumer products and software companies, at the end of quarter, this was very common. That is pretty well over. A few public hangings will really change behaviour."---Charlie Munger
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Life can only be understood backwards—but it must be lived forwards
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kulman
Senior Member
Joined: 02/Sep/2006
Location: India
Online Status: Offline
Posts: 9319
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Posted: 22/Mar/2007 at 8:42am |
“Opportunity cost is a huge filter in life. If you’ve got two suitors who are really eager to have you and one is way the hell better than the other, you do not have to spend much time with the other. And that’s the way we filter out buying opportunities."---Charlie Munger
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Life can only be understood backwards—but it must be lived forwards
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