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— Charlie Munger"Well in the history of the See's Candy Company they always say, "I never did it before, and I'm never going to do it again." And we cashier them. It would be evil not to, because terrible behavior spreads."
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The possibility that stock value in aggregate can become irrationally high is contrary to the hard-form "efficient market" theory that many of you once learned as gospel from your mistaken professors of yore. Your mistaken professors were too much influenced by "rational man" models of human behavior from economics and too little by "foolish man" models from psychology and real-world experience.
— Charlie Munger
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I want to get violence - I want schools to start from K through 12 to just every day have teachers understand that they don't want to talk about anything that is violent, and they want to explain to the children how bad violence is and how behavior - violent behavior, is something that they really should not practice and think about.
— Bill Cosby
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