Charlie Munger Civilization Quotations
Charlie Munger Quotes about:
Civilization Quotes from:
- All Civilization Quotes
- Will Durant
- Mahatma Gandhi
- Sigmund Freud
- Henry David Thoreau
- Mark Twain
- Ralph Waldo Emerson
- Ludwig Von Mises
- Al Gore
- George Bernard Shaw
- Carl Sagan
- Franklin D Roosevelt
- Terence Mckenna
- Bertrand Russell
- Thomas Sowell
- Martin Luther King Jr
- Oscar Wilde
- Charlie Munger
- Victor Hugo
- Winston Churchill
- Albert Einstein
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Enron Scandal Quotes
Creative accounting is an absolute curse to a civilization. One could argue that double-entry bookkeeping was one of history's great advances. Using accounting for fraud and folly is a disgrace. In a democracy, it often takes a scandal to trigger reform. Enron was the most obvious example of a business culture gone wrong in a long, long time.
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Thinking Quotes
Of course the self-serving bias is something you want to get out of yourself. Thinking that what's good for you is good for the wider civilization and rationalizing all these ridiculous conclusions based on this subconscious tendency to serve one's self is a terribly inaccurate way to think.
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Powerful Quotes
The cash register did more for human morality than the Congregational Church. It was a really powerful phenomenon to make an economic system work better, just as, in reverse, a system that can be easily defrauded ruins a civilization. A system that's very hard to defraud, like a cash register, helped the economic performance of a civilization by reducing vice, but very few people within economics talk about it in those terms.
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Intelligent Quotes
It's my guess that something like 5% of GDP goes to money management and itsattendant friction. I define it broadly - annuities, incentive pay, all trading, etc. Nobody else has used figures that high, but that's my guess. Worst of all, the people doing this are among the best and the brightest. Hundreds and thousands of engineers, etc. are going into hedge funds and investment banking. That is not an intelligent allocation of the brainpower of the civilization.
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Business Quotes
You have to know accounting. It's the language of practical business life. It was a very useful thing to deliver to civilization. I've heard it came to civilization through Venice which of course was once the great commercial power in the Mediterranean. However, double entry bookkeeping was a hell of an invention.