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— Charlie Munger"I think we have some special talents. That being said, I think it's dangerous to rely on special talents - it's better to own lots of monopolistic businesses with unregulated prices. But that's not the world today. We have made money exercising our talents and will continue to do so."
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It's dangerous to short stocks.
— Charlie Munger
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To obtain salvation we must tremble at the thought of being lost, and tremble not so much at the thought of hell, as of sin, which alone can send us thither. He who dreads sin avoids dangerous occasions, frequently recommends himself to God, and has recourse to the means of keeping himself in the state of grace. He who acts thus will be saved; but for him who lives not in this manner it is morally impossible to be saved.
— Alphonsus Liguori
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