In his own words
Munger on Partnership
8 sourced quotes. All themes
“Berkshire Hathaway could not have been built to its present status without Charlie's inspiration, wisdom and participation.”
This is Buffett's tribute TO Munger, not Munger's own words. Included to document the partnership.
“If Charlie and I disagree, usually we end up by deciding not to do anything, which is fine. There are all kinds of things in this world we don't have an opinion on.”
Buffett's characterization of how he and Munger work together; documents the partnership.
“Charlie shoved me in the direction of not just buying bargains, as Ben Graham had taught me. This was the real impact he had on me. It took a powerful force to move me on from Graham's limiting views. It was the power of Charlie's mind.”
Buffett crediting Munger with moving him from 'cigar-butt' investing toward quality businesses.
“A partner ideally is capable of working alone. You can be a dominant partner, subordinate partner, or an always collaborative equal partner. I've done all three.”
Munger's own words on partnership — the archive's other partnership quotes are Buffett speaking about him.
“Somebody asked us once what was the best investment we ever made, and I answered the fee we paid to the executive recruiter to find Ajit Jain.”
“You can't form a business partnership with your frivolous, drunken brother-in-law. You have to make your partnerships with somebody else.”
His metaphor for the eurozone admitting Greece and Portugal.
“I hardly know anybody who's done very well in life in terms of cognition that doesn't have somebody trusted to talk to. Einstein would not have been able to do what he did without people to talk to. Didn't need many, but he needed some.”
From a three-way interview with Buffett and Gates.
“If you get Warren Buffett for 40 years and the bastard finally dies on you, you don't really have a right to complain.”
From Tilson's notes.