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May 10, 2004


Sheep Guts

Charlie Munger:

“People have always had this craving to have someone tell them the future. Long ago, kings would hire people to read sheep guts. There’s always been a market for people who pretend to know the future. Listening to today’s forecasters is just as crazy as when the king hired the guy to look at the sheep guts.”

This entry was posted on Monday, May 10th, 2004 at 6:56 pm (utc+8) and is filed under Trading and Investing.

One Response to “Sheep Guts”

  1. MaoXian » More from Munger said:
    May 18th, 2006 at 3:28 pm

    […] The Wisdom of Charlie Munger Overcoming One’s Own Psychological Weaknesses Sheep Guts Cat:  […]

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