” I’m used to people with very high IQs knowing how to recognize reality, but there’s a huge human tendency where it may be instructive to think that whatever you’re doing to succeed is all right. “


” People are trying to be smart – all I am trying to do is not to be idiotic, but it’s harder than most people think. “


” I love when I think we’re taking territory – if it makes sense in the long term, we just don’t give a damn what it looks like in the short term. After all, we’re running a cult, not a normal company. “


” Wells Fargo had a glitch – the truth of the matter is they made a business judgement that was wrong. I don’t think anything is fundamentally wrong. “


” They made a mistake. And it was an easy mistake to make. I don’t regard setting incentives aggressively as a mistake. I think the mistake was, when the bad news came, they didn’t recognize it directly. I don’t think that impairs the future of Wells Fargo. They’ll be better for it. “



All 5 Charlie Munger Quotes about Think in picture


I
People are trying to be smart - all I am trying to do is not to be idiotic, but it


I love when I think we
Wells Fargo had a glitch - the truth of the matter is they made a business judgement that was wrong. I don
They made a mistake. And it was an easy mistake to make. I don
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