Charlie Munger quote (projections)
Money and Finance

Charlie Munger quote (projections)


“Mark Twain used to say “A mine is a hole in the ground with a liar on the top.”  And a projection prepared by anybody who stands to earn a commission or an executive trying to justify a particular course of action will frequently be a lie – although it’s not a deliberate lie in most cases.  The man has come to believe it himself.  And that’s the worst kind.  Projections should be handled with care – particularly when they’re being provided by someone who has an interest in misleading you.” –Charlie Munger (quoted in the book Seeking Wisdom)




- Finding The Balance Between Curiosity And Focus...
From Charlie Munger: The Complete Investor: "Curiosity can provide both fun and wisdom, and occasionally trouble." —CHARLIE MUNGER, POOR CHARLIE’S ALMANACK, 2005 Curiosity about life and restraint about difficult decisions are part of Munger’s...

- Links
A Dozen Things Learned from Charlie Munger about Making Rational Decisions (LINK) A Dozen Things Learned from Charlie Munger about Mental Models and Worldly Wisdom (LINK) Related book: Charlie Munger: The Complete InvestorJason Zweig: 5 Things...

- Valuewalk's 10-part Charlie Munger Series (pdf)
Link to: Charlie Munger: Life and Career, A 10 Part Series .................... And in case you haven't pre-ordered your copy of this book yet (September release): Charlie Munger: The Complete Investor ...

- Charlie Munger On Cnnmoney
Links to videos: Charlie Munger: 'I'm not the only wise ass in the world' Munger on politicians: 'They're all flawed' Charlie Munger defends Clayton Homes Charlie Munger on what's going on in Baltimore ...

- Charlie Munger On Projections
From his speech “Academic Economics: Strengths and Faults After Considering Interdisciplinary Needs” (available HERE, HERE, or in Poor Charlie's Almanack): Usually, I don’t use formal projections. I don’t let people do them for me because...



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