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 Entries quotations

Every exit is an entry somewhere else.

Some day, on the corporate balance sheet, there will be an entry which reads, "Information"; for in most cases, the information is more valuable than the hardware which processes it.

Croatia did not want Europe to be divided as to the start of Croatia's EU entry talks.

The bottom line is there is large uncertainty because nobody has a very good handle on aerodynamics at those altitudes and at those speeds. Given that large degree of uncertainty, life could be normal during entry or some bad things could happen.

I am absolutely convinced that there are weapons.

..I saw evidence back in 1998 when we would see the inspectors being barred from gaining entry into a warehouse for three hours with trucks rolling up and then moving those trucks out.

I condemn the entry of a Russian so-called humanitarian convoy into Ukrainian territory without the consent of the Ukrainian authorities and without any involvement of the International Committee of the Red Cross.

A place of solitude offers a retreat from the opposing forces and diverse demands of living, an entry into a state of peace and unity. Mind and body can retire from confusion and conflict to a sanctuary of clarity and harmony

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.

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.

One-man-one-vote combined with "free entry" into government-democracy--implies that every person and his personal property comes within reach of-and is up for grabs by-everyone else: a "tragedy of the commons" is created.

Exercise the writing muscle every day, even if it is only a letter, notes, a title list, a character sketch, a journal entry. Writers are like dancers, like athletes. Without that exercise, the muscles seize up.

Afflictions are but as a dark entry into our Father's house.

Readiness is a student’s entry point relative to a particular understanding or skill.

The difference between a jogger and a runner is an entry blank.

Traders focus almost entirely on where to enter a trade.

In reality, the entry size is often more important than the entry price

I am firmly convinced that there is life after death, not in a primitive sense but as the entry of my completely finite person into God's infinity, as a transition into another reality beyond the dimension of space and time that pure reason can neither affirm nor deny.

A soprano in Massenet's Don Quixote complained that she had missed her entry in the aria, "because Mr. Challiapin always dies too soon." "Madam, you must be profoundly in error," said Sir Thomas, "No operatic star has yet died half soon enough for me."

The difference between a jogger and a runner is an entry blank.

If the world kept a journal, many of the entries would be conversations concerning the advancement of scientific knowledge and its importance to humanity. I offer the following conversation as an added entry: "And what is as important as knowledge?" asked the mind. "Caring," answered the heart.

Life is a peephole, a single tiny entry onto a vastness--how can I not dwell on this brief, cramped view of things? This peephole is all I've got!

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.

Every exit is an entry somewhere.

We prepare to die by pushing ourselves to love less narrowly.

In that sense, readying ourselves for death is really an ever-widening entry into life.

There is a significant moral difference between a person who commits a violent crime and a person who tries to cross a border illegally in order to put food on the family table. Such migrants my violate our laws against illicit entry, but if that's all they do they are trespassers, not criminals. They deserve to have their dignity respected.

The principle is this: We must not allow anything into our life that feeds our point of weakness. A soldier doesn't dance through a mind field any more than we should play with a hand grenade. When the enemy's entry points are boarded up, it frees us to hear clearly the voice of our Commander.

It is impossible for the mind to remain undisturbed by thoughts, but anyone serious about the matter can certainly permit them entry or drive them away, and although their origin does not lie entirely under our control we can choose to approve of them and to adopt them.

We know that a ready amnesty tends to be an invitation to more illegal entries.

Often when He comes, He finds the soul occupied.

Other guests are there, and He has to turn away. He cannot gain entry, for we love and desire other things; therefore, His gifts, which He is offering to everyone unceasingly, must remain outside.

The poem is not, as someone put it, deflective of entry.

But the real question is, 'What happens to the reader once he or she gets inside the poem?' That's the real question for me, is getting the reader into the poem and then taking the reader somewhere, because I think of poetry as a kind of form of travel writing.

By the end of an intense four years at UCLA, I had co-authored a new math proof, which the media, in fact, loved. As it turned out, math itself blazed my entry back into the spotlight and consequently into wonderful acting jobs like 'The West Wing' and others. You just never know, do you?

The minimum wage is mostly an entry-level wage for young people.

By overhauling current rules and speeding the entry of competitors in the market, we encourage competition and provide our constituents with new choices and cheaper bills.

The story goes that a public sinner was excommunicated and forbidden entry to the church. He took his woes to God. 'They won't let me in, Lord, because I am a sinner.' 'What are you complaining about?' said God. 'They won't let Me in either.

[Final diary entry:] Occupation is essential.

And now with some pleasure I find that it's seven; and must cook dinner. Haddock and sausage meat. I think it is true that one gains a certain hold on sausage and haddock by writing them down.