Charlie Munger Quotes About Competition

Quotes about: Competition

• We may well have a competitive advantage buying decent businesses at decent prices. But they won't be fabulous businesses and fabulous prices. There's too much competition and money out there, with many buyout specialists.

  Charlie Munger

  Competition, May, Too Much

• In the LBO field there is a buried "covariance" with marketable equities, toward disaster in generally bad business conditions, and competition is now extremely intense.

  Charlie Munger

  Competition, Fields, Intense

• I don't have too much interest in teaching other people how to get rich. And that isn't because I fear the competition or anything like that - Warrenhas always been very open about what he's learned, and I share that ethos. My personal behavior model is Lord Keynes: I wanted to get rich so I could be independent, and so I could do other things like give talks on the intersection of psychology and economics. I didn't want to turn it into a total obsession.

  Charlie Munger

  Teaching, Independent, Ethos

  Charlie Munger's speech on the psychology of human misjudgment at Harvard University in Cambridge, Massachusetts, June 1995.

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