However, averaged out, betting on the quality of a business… - Charlie Munger

" "
However, averaged out, betting on the quality of a business is better than betting on the quality of management. In other words, if you have to choose one, bet on the business momentum, not the brilliance of the manager. But very rarely, you find a manager who’s so good that you’re wise to follow him into what looks like a mediocre business.

Charlie Munger

This quote has a book source. Sign up to see titles and page references

English

Collect this quote

About Charlie Munger

Charles Thomas Munger (January 1, 1924 – November 28, 2023) was Vice-Chairman of Berkshire Hathaway Corporation, the diversified investment corporation chaired by investor Warren Buffett.

Biography information from Wikiquote

Also Known As

Native Name: Charles Thomas Munger

Alternative Names: Charlie Thomas Munger • Charles T. Munger

All quotes from Charlie Munger Similar Quotes by other Originators

Originators like Charlie Munger:

Shane Parrish Tim Ferriss Ray Dalio Nassim Nicholas Taleb Naval Ravikant

Additional quotes by Charlie Munger

Take a simple idea and take it seriously.

which helps the objective person end up like the only player without a blindfold in a game of pin the tail on the donkey.

The great algorithm to remember in dealing with this tendency is simple: an idea or a fact is not worth more merely because it’s easily available to you.

However, averaged out, betting on the quality of a business is better than betting on the quality of management. In other words, if you have to choos… - Charlie Munger

About Charlie Munger

Also Known As

Go Premium

Additional quotes by Charlie Munger

Advanced Search Filters