Quote on Money by Charlie Munger

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"Economics profession, they've been - they've been confident in various formulas, but economics is not physics. The same formula that works in one decade doesn't work in the next. Economics is a difficult subject."

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"A banker who is allowed to borrow money at X and loan it out at X plus Y will just go crazy and do too much of it if the civilization doesn't have rules that prevent it."
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Charlie Munger

Charlie Munger

lawyer

15 quotes available

Money
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