quote by Charlie Munger

You have to know accounting. It's the language of practical business life. It was a very useful thing to deliver to civilization. I've heard it came to civilization through Venice which of course was once the great commercial power in the Mediterranean. However, double entry bookkeeping was a hell of an invention.

— Charlie Munger

Most Powerful Bookkeeper quotations

Making good judgments when one has complete data, facts, and knowledge is not leadership - it's bookkeeping

Don't try to become a teacher overnight with psychological bookkeeping in your heart and educational theory in your head.

Creative accounting is an absolute curse to a civilization.

One could argue that double-entry bookkeeping was one of history's great advances. Using accounting for fraud and folly is a disgrace. In a democracy, it often takes a scandal to trigger reform. Enron was the most obvious example of a business culture gone wrong in a long, long time.

Markets are as old as the crossroads.

But capitalism, as we know it, is only a few hundred years old, enabled by cooperative arrangements and technologies, such as the joint-stock ownership company, shared liability insurance, double-entry bookkeeping.

My father, a bookkeeper who never earned more than $11,000 a year in his life, sat there, writing out a $25 check to the NAACP. When I asked him why, he said discrimination against anyone is discrimination against us all. And I never forgot that. Indeed, his philanthropy was a gift, not just to that organization, but to me.

For a scientist must indeed be freely imaginative and yet skeptical, creative and yet a critic. There is a sense in which he must be free, but another in which his thought must be very preceisely regimented; there is poetry in science, but also a lot of bookkeeping.

To devise an information processing system capable of getting along on its own - it must handle its own problems of programming, bookkeeping, communication and coordination with its users. It must appear to its users as a single, integrated personality.

Few have heard of Fra Luca Pacioli, the inventor of double-entry bookkeeping;

but he has probably had much more influence on human life than has Dante or Michelangelo.

Their educations ended with high school - my father going to work as a clerk and then salesman in a company dealing in printing and stationary, and my mother working as a secretary and then bookkeeper in a firm of wool merchants.

Art has been hijacked by nonartists. It's been taken over by bookkeeping. The whole thing is so corrupt. But I suppose that's okay. For artists, everything is grist for the mill. Artists are like cockroaches; we can't be stamped out.

We value virtue but do not discuss it.

The honest bookkeeper, the faithful wife, the earnest scholar get little of our attention compared to the embezzler, the tramp, the cheat.

I get so tired of moral bookkeeping.

Every actor is somewhat mad, or else he'd be a plumber or a bookkeeper or a salesman.

Yet we can be sure that whatever fictions exist in Wall Street bookkeeping, the earth is a faithful scribe, a faultless calculator, a superb bookkeeper; we will be held responsible for every bit of our economic folly.

Be the Mick Jagger of the mailroom, the Warren Buffet of bookkeeping and the Bono of stapler selling.

Capitalism designates an economic system significantly characterized by the predominance of "capital." Capitalism and double entry bookkeeping are absolutely indissociable; their relationship to each other is that of form to content.

If the unusual never happened there would be no difference in people and then there wouldn't be any fun in life. The game would become merely a matter of addition and subtraction. It would make of us a race of bookkeepers with plodding minds. It's the guessing that develops a man's brain power.

I was raised in Brooklyn and in Baltimore.

My father was a bookkeeper. When I was 36 years old, my mother told me I was adopted.

The earnings of a poet could be reckoned by a metaphysician rather than a bookkeeper.

Any small business owner wears many hats.

We [New View Window Cleaning] are the salesman, bookkeeper, scheduler, cleaner, customer complaint department, etc. If you aren't organized and willing to do all these things (at least in the beginning) you are better off working for someone.

You know, the only way I've found to make these pictures is with animators.

You can't seem to do it with accountants and bookkeepers.

America has run the world for at least the past 50 years, and when you're at the top that long, you forget what it's like in the valley. There are 5+ billion people out there now who are willing to study harder, work harder for less money and be more industrious than we are. And we're linked to them by technology. With telecommunications, you can have your bookkeeping done in Madra, India, for less than it costs here. Today technology can replace whole new industries, so you have to stay flexible. To survive today, you have to be able to walk on quicksand and dance with electrons.

Over the long haul of life on this planet, it is the ecologists, and not the bookkeepers of business, who are the ultimate accountants.

When economists speak of money, they neglect that all money and credit is debt.

That is the essence of bookkeeping and accounting. There are always two sides to the balance sheet. And one party’s money or savings is another party

Dad, once an aspiring architect, drove his own catering truck to feed factory workers in downtown Los Angeles, and mom, with a Mensa IQ and mathematical gifts, served as a bookkeeper and worked in a grocery store while pursuing her calling in music: playing piano and composing songs. Perhaps in a way, part of my drive was to complete their unfulfilled ambitions and dreams, but in my own way.

At Verve, my bookkeeper would invariably say, 'Well, why do you want to put out Roy Eldridge?' Or 'Why do you want to put out Ben Webster? They don't sell.' And I'd say, 'Well, whether they sell or not, they're important, they should be recorded and they're what Verve stands for, so we don't have to discuss that any further.

Economists get very uncomfortable when you talk about virtue and vice.

It doesn't lend itself to a lot of columns with numbers. But I would argue that there are big virtue effects in economics. I would say that the spreading of double-entry bookkeeping by the Monk, Fra Luce de Pacioli, was a big virtue effect in economics. It made business more controllable, and it made it more honest.

The CEO era gave rise to the CFO (not certified flying object, as you might imagine, but chief financial officer) and, most recently, the CIO, chief investment officer, a nice boost for the bookkeeper you can't afford to give a raise . . .

Women occupy, in great masses, the 'household tasks' of industry.

They are nurses but not doctors, secretaries but not executives, researchers but not writers, workers but not managers, bookkeepers but not promoters.

Private property works like circuitry in electronics, or piping in hydraulics.

It conveys wages to the owners of labor power, as well as the various forms of nonwage property income to the owners of capital. In itself, it is no more responsible for maldistribution of purchasing power than the science of bookkeeping is responsible for bankruptcy.

When, about fifteen years ago, I walked into Arshile's studio for the first time, the atmosphere was so beautiful that I got a little dizzy and when I came to, I was bright enough to take the hint immediately. If the bookkeepers think it necessary to make sure of where things and people came from, well then, I came from 36 Union Square. I am glad that it is about impossible to get away from his powerful influence.

The income tax is the biggest single intrusion suffered by the American people.

It forces every worker to be a bookkeeper, to open his records to the government, to explain his expenses, to fear conviction for a harmless accounting error. Compliance wastes billions of dollars. It penalizes savings and creates an enormous drag on the U.S. economy. It is incompatible with a free society, and we aren’t libertarians if we tolerate it.

The ideal scientist thinks like a poet and works like a bookkeeper

I am writing to apply for the position of bookkeeper.

Attached, you will find my list of qualifications. I have been keeping books for four years now, and I am never going to give them back.