Charlie Munger Quotes

Speed is the No. 1 thing. Our core competency has been doing exactly this: buying companies and integrating them quickly.

Success in M&As comes with executing with vigour along with the obvious right choices that you got to make.

We continue to see acquisitions as an opportunity area for us. It's one of the tools that we use to grow.

Companies buy customers when they cannot win new business on their own. They merge when their executives do not have a better idea of what to do.

Mergers generate substantial synergies.

The key to making acquisitions is being ready because you really never know when the right big one is going to come along.

We get talent and scale from mergers.

Mergers and acquisitions, we are always looking for that.

In the pharma space, we have been growing both organically as well as through acquisitions.

M&A is always an opportunistic tool to grow a company.

Synergy is the driver. There are two levels of synergy: there are operating synergies, which, you know, you'd have to be stupid not to try to take advantage of, and then there are strategic synergies. In other words, in what positions you would be more sustainable, more long term, and so on.

We're diversified, we're stable and consistent. Our businesses benefit from each other.

As young people make diverse claims on the promise of a radical democracy, articulating what a fair and just world might be, they are increasingly met with forms of physical, ideological and structural violence.

Using an artful tool does not make one a dry technician. It seems to me that people that are anxious about our technical advancement, confuse means and ends. Naturally a person that only works for material gain will not harvest something that is worth living for. But the machine is not an end in itself. The airplane is not an end. It is a tool. Just like the plough.

In making a movie, you're part of a big machine. Even in a small movie there are still so many people involved in the process, and it costs so much money to make. There is so much more invested in it for a lot of different people, so much money is sunk into it that they usually want some guarantee or promise that it's going to be able to do something on a financial level. There's just a lot more messing with you in film. I love movies and I love to watch movies and being a part of the whole film experience.

The big thing in life is to focus on providing more value to people than they expect. The rest comes then.

Most of them benefit businesses, things like research and development tax credits. But people will also benefit, too, from things like - the earned income tax credit and the child tax credit have been made permanent. They predominantly help lower-income families.

... Our first priority should be the people who work for the companies, then the customers, then the shareholders. Because if the staff are motivated then the customers will be happy, and the shareholders will then benefit through the company's success.

If we become a people who are willing to give up our money and our freedom in exchange for rhetoric and promises, then nothing can save us.

My model for business is The Beatles. They were four guys who kept each other kind of negative tendencies in check. They balanced each other and the total was greater than the sum of the parts. That's how I see business: great things in business are never done by one person, they're done by a team of people.

You can't start taking away benefits if people don't have any opportunities.

Negroes, like other people, act upon motives. Why should they do anything for us, if we will do nothing for them? If they stake their lives for us, they must be prompted by the strongest motive, even the promise of freedom. And the promise being made, must be kept.

Most innovation comes from people working together, collaborating in teams.

We learned that very few people care how you accomplish something. Instead, these people care more about whether you create value for your end user.

People realise that his promise [Tony Blair] to 'save the NHS' was just talk.