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Businessman Quotes
There's more honor in investment management than in investment banking.
~ Charlie Munger
Banking
Honor
Investment
Management
More
Than
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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.
~ Charlie Munger
Bad
Bad News
Better
Came
Directly
Easy
Future
I Think
Incentives
Made
Make
Mistake
News
Recognize
Regard
Setting
Think
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Wall Street has too much wealth and political power.
~ Charlie Munger
Much
Political
Political Power
Power
Street
Too
Too Much
Wall
Wall Street
Wealth
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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.
~ Charlie Munger
Anything
Business
Fundamentally
Had
Judgement
Made
Matter
Think
Truth
Wrong
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When someone takes their existing business and tries to transform it into something else - they fail. In technology that is often the case. Look at Kodak: it was the dominant imaging company in the world. They did fabulously during the great depression, but then wiped out the shareholders because of technological change.
~ Charlie Munger
Because
Business
Case
Change
Company
Depression
Did
Dominant
Else
Existing
Fail
Great
Great Depression
Imaging
Look
Often
Out
Shareholders
Someone
Something
Something Else
Takes
Technological
Technology
Then
Transform
Tries
Wiped
World
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Who would want one's children growing up buying things like bitcoin? I hope to God my family doesn't buy it. It's noxious poison.
~ Charlie Munger
Bitcoin
Buy
Buying
Children
Family
God
Growing
Growing Up
Hope
Like
Poison
Things
Up
Want
Who
Would
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You need a different checklist and different mental models for different companies.
~ Charlie Munger
Companies
Different
Mental
Models
Need
You
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A lot of people have, like, 95 percent of their wealth in bitcoin. Great for them, but I got to be smart.
~ Charlie Shrem
Bitcoin
Got
Great
Like
Lot
People
Percent
Smart
Them
Wealth
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A lot of people say that I took the first shot for Bitcoin. The first person to walk through the door always gets shot, and then everyone else can come through.
~ Charlie Shrem
Always
Bitcoin
Come
Door
Else
Everyone
Everyone Else
First
First-Person
Gets
Lot
People
People Say
Person
Say
Shot
Then
Through
Took
Walk
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Before I went to prison, there were not really many blockchain products. It was only bitcoin.
~ Charlie Shrem
Before
Bitcoin
Blockchain
Many
Only
Prison
Products
Really
Were
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Bitcoin is my baby; it's my whole world and my whole life. It's what I was put on this earth to do.
~ Charlie Shrem
Baby
Bitcoin
Earth
Life
Put
Whole
World
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Good-quality protein is very hard to come by in prison. Tuna is good, but tuna doesn't have texture. Mackerel is meaty.
~ Charlie Shrem
Come
Good
Hard
Prison
Protein
Texture
Tuna
Very
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I spend thousands of dollars on lawyers every day just to make sure that I'm not gonna go to jail.
~ Charlie Shrem
Day
Dollars
Every
Every Day
Go
Gonna
Jail
Just
Lawyers
Make
Spend
Sure
Thousands
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I was, like, 22 years old. I had half a million dollars sitting in the bank. I had no expenses. Life was great.
~ Charlie Shrem
Bank
Dollars
Expenses
Great
Had
Half
Life
Like
Million
Million Dollars
Old
Sitting
Years
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I'm investing. I'm taking a lot of bitcoin, selling it as the price goes up, and putting it into real estate. Because then if bitcoin goes to zero - which, it's an experiment, it could - I won't be on the street.
~ Charlie Shrem
Because
Bitcoin
Could
Estate
Experiment
Goes
Investing
Lot
Price
Putting
Real
Selling
Street
Taking
Then
Up
Which
Zero
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copy
In prison, you have to forget about the world on the outside. You have no Internet, no communications, and you're cut off from the whole world. Everything is given to you. You have shelter; you have food, a shower, water. You don't need to spend a dime. You don't have to worry about bills.
~ Charlie Shrem
About
Bills
Communications
Cut
Dime
Everything
Food
Forget
Given
Internet
Need
Off
Outside
Prison
Shelter
Shower
Spend
Water
Whole
World
Worry
You
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My brain is here for the picking, and a lot of people are calling me to see what I think about their business, and I'm brutally honest with them.
~ Charlie Shrem
About
Brain
Brutally
Business
Calling
Here
Honest
I Think
Lot
Me
People
Picking
See
Them
Think
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My word is gold, And I make sure everyone gets paid.
~ Charlie Shrem
Everyone
Gets
Gold
Make
Paid
Sure
Word
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The hardest obstacles for Bitcoin companies are banking and regulation.
~ Charlie Shrem
Banking
Bitcoin
Companies
Hardest
Obstacles
Regulation
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copy
Although there are people saying I'm putting on a show, I'm hoping more will emulate my 'performance.' If more people did, more needy people would get help.
~ Chen Guangbiao
Although
Did
Emulate
Get
Help
Hoping
More
More People
Needy
People
Performance
Putting
Saying
Show
Will
Would
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copy
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