Charlie Munger Quotes
Knowing what you don't know is more useful than being brilliant.
Clark, David. The Tao of Charlie Munger. Scribner, 2017.
It is amazing that so few politicians and political appointees when asked questions by constituents, subordinates, or the press can bring themselves to say “I don’t know” when they are ignorant about the issue or have not yet made up their minds. It is as if ignorance was a weakness. When the politicians have to face so many complex issues, the reality is that they do not know about most of them, yet they are loathe to admit ignorance in particular situations.
Charles Thomas Munger is an American billionaire investor, businessman, former real estate attorney, architectural designer, and philanthropist. He is vice chairman of Berkshire Hathaway, the conglomerate controlled by Warren Buffett; Buffett has described Munger as his closest partner and right hand man. Munger served as chairman of Wesco Financial Corporation from 1984 through 2011. He is also chairman of the Daily Journal Corporation, based in Los Angeles, California, and a director of Costco Wholesale Corporation.