“Wall Street has too much wealth and political power.” — Charlie Munger Quote

“Wall Street has too much wealth and political power.”

“If all you needed to do is to figure out what company is better than others, everyone would make a lot of money. But that is not the case. They keep raising the prices to the point when the odds change.”

“Everyone has the idea of owning good companies. The problem is that they have high prices in relations to assets and earnings, and that takes all of the fun out of the game.”

“You look at marketing: everything that's happening in marketing is digitized. Everything that's happening in finance is digitized. So pretty much every industry, every function in every industry, has a huge element that's driven by information technology. It's no longer discrete.”

“The job of the Central Bank is to worry.”

“We need to end unlimited, unaccountable money for all political parties by passing comprehensive campaign finance reform.”