“Show me the incentive and I will show you the outcome.”
Charlie Munger (unverified)
This popular aphorism is widely attributed to Charlie Munger and reflects his principle of "incentive-caused bias", but I have not been able to locate a primary source (speech or publication) in which he states it in exactly this form.
The saying might be a paraphrase of either (1) this verified quote or (2) this verified quote.
This quote is commonly attributed to Charlie Munger, but I have not been able to locate a primary source. Use with caution in academic or professional contexts.
“So you have to figure out what your own aptitudes are. If you play games where other people have the aptitudes and you don’t, you’re going to lose. And that’s as close to certain as any prediction you can make. You have to figure out where you’ve got an edge. And you’ve got to play within your own circle of competence.”
— Charlie Munger (verified)“In my whole life, I have known no wise people (over a broad subject matter) who didn’t read all the time—none, zero. You’d be amazed how much Warren reads—and at how much I read. My children laugh at me. They think I’m a book with a couple of legs sticking out.”
— Charlie Munger (verified)“Addiction can happen to any of us through a subtle process where the bonds of degradation are too light to be felt until when they are too strong to be broken.”
— Charlie Munger (verified)“I think a life properly lived is just learn, learn, learn all the time.”
— Charlie Munger (verified)More quotes by Charlie Munger →