When someone takes their existing business and tries to transform it into something else - they fail. In technology that is often the case. Look at Kodak: it was the dominant imaging company in the world. They did fabulously during the great depression, but then wiped out the shareholders because of technological change. Charlie Munger
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  2. One day spent with someone you love can change everything. - Mitch Albom

  3. There's always a moment when you start to fall out of love, whether it's with a person or an idea or a cause, even if it's one you only narrate to yourself years after the event: a tiny thing, a wrong word, a false note,... - Douglas Adams

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More Quotes By Charlie Munger
  1. Take a simple idea and take it seriously.

  2. I constantly see people rise in life who are not the smartest, sometimes not even the most diligent, but they are learning machines. They go to bed every night a little wiser than they were when they got up and boy that help, particularly when...

  3. Wall Street has too much wealth and political power.

  4. There's more honor in investment management than in investment banking.

  5. The perfect example of Darwinism is what technology has done to businesses.

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