I believe Costco does more for civilization than the Rockefeller Foundation. I think it's a better place. You get a bunch of very intelligent people sitting around trying to do good, I immediately get kind of suspicious and squirm in my seat. Charlie Munger bunchcivilizationcostco share on social
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. Charlie Munger hardidioticpeople Change image and share on social
A banker who is allowed to borrow money at X and loan it out at X plus Y will just go crazy and do too much of it if the civilization doesn't have rules that prevent it. Charlie Munger allowbankerborrow Change image and share on social
