In Gillette's case, they keep surfing along new technology which is fairly simple by the standards of microchips. … - Charlie Munger

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Outer achievements should be expressions of inner abundance, not compensation for inner poverty.

Charlie Munger

In Gillette's case, they keep surfing along new technology which is fairly simple by the standards of microchips. But it's hard for competitors to do. So they've been able to stay constantly near the edge of improvements in shaving.

Case, Keep, Shaving, Simple, Surfing, Technology

Same Author Quotes

Show me the incentive and I will show you the outcome

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Our biggest mistakes, were things we didn't do, companies we didn't buy.

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Assume life will be really tough, and then ask if you can handle it. If the answer is yes, you've won.

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Move only when you have an advantage. It's very basic. You have to understand the odds and have the discipline to bet only when the odds are in your favor.

Advantage, Discipline, Moving, Odds, Understand

'Crowd folly', the tendency of humans, under some circumstances, to resemble lemmings, explains much foolish thinking of brilliant men and much foolish behavior - like investment management practices of many foundations represented here today. It is sad that today each institutional investor apparently fears most of all that its investment practices will be different from practices of the rest of the crowd.

Different, Men, Practice, Practices, Thinking, Under

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In emotions you should be bubbling with joy. Joy is your emotion. In action you should be thoughtless and in ascent you should be surrendered.

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I have not heard almost anybody suggest that raising the minimum wage to the level we have in Vermont has been an impediment to our economy which is doing reasonably well. . . If somebody is going to work that person has got to receive at least a wage that they can go out and live with dignity on. That's an extremely important point.

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I'm a born entertainer. When I open the fridge door and the light goes on, I burst into song.

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