What Charlie Munger thinks about Addiction

@charlie-munger · 50 positions · 0 changes of mind

Warren Buffett's business partner and vice chairman of Berkshire Hathaway; also chaired Wesco Financial Corporation from 1984 to 2011, where he wrote its annual letters himself.

Everything they publish, on ppll ↗

Charlie Munger did not write this page.

We collected these quotes from things they published elsewhere, and every quote links to where it was said. They have no account here and have not endorsed this site. Quotes are word for word; the short line under each one is our own restatement, not their wording. Their own site. Is this you? Claim it or ask us to remove it. Or tell us what is wrong here.

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Only Charlie Munger on Addiction. See everyone on Addiction

1 dated position, 1986, in their own words. Our reading of what Charlie Munger has said — not written or endorsed by them.

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1. 13 Jun 1986

   Our readingAddiction can happen to anyone, through a subtle process whose bonds are too light to be felt until they are too strong to be broken

   Their wordsWhile susceptibility varies, addiction can happen to any of us, through a subtle process where the bonds of degradation are too light to be felt until they are too strong to be broken.

   ↗How to Guarantee a Life of Misery (Harvard School commencement address, 1986)jamesclear.com 1st of 5 in this piece