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Charlie Munger Quotes: How could economics not be behavioral? If it isn't behavioral, what the hell is it?
         

How could economics not be behavioral? If it isn't behavioral, what the hell is it?


Charlie Munger
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Other quotes of Charlie Munger


The best thing a human being can do is to help another human being know more.

The best thing a human being can do is to help another human being know more.



Intelligent people make decisions based on opportunity costs.

Intelligent people make decisions based on opportunity costs.



Mimicking the herd invites regression to the mean.

Mimicking the herd invites regression to the mean.



I did not succeed in life by intelligence. I succeeded because I have a long attention span.

I did not succeed in life by intelligence. I succeeded because I have a long attention span.



The big money is not in the buying and selling ... but in the waiting.

The big money is not in the buying and selling ... but in the waiting.



Great investing requires a lot of delayed gratification.

Great investing requires a lot of delayed gratification.



When you locate a bargain, you must ask, 'Why me, God? Why am I the only one who could find this bargain?'

When you locate a bargain, you must ask, 'Why me, God? Why am I the only one who could find this bargain?'



Our job is to find a few intelligent things to do, not to keep up with every damn thing in the world.

Our job is to find a few intelligent things to do, not to keep up with every damn thing in the world.



I believe in the discipline of mastering the best that other people have ever figured out. I don't believe in just sitting down and trying to dream it all up yourself. Nobody's that smart.

I believe in the discipline of mastering the best that other people have ever figured out. I don't believe in just sitting down and trying to dream it all up yourself. Nobody's that smart.



A lot of success in life and business comes from knowing what you want to avoid: early death, a bad marriage, etc.

A lot of success in life and business comes from knowing what you want to avoid: early death, a bad marriage, etc.





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Our job in this life is not to shape ourselves into some ideal we imagine we ought to be, but to find out who we already are and become it.

Our job in this life is not to shape ourselves into some ideal we imagine we ought to be, but to find out who we already are and become it.



If all the seven stones were laid out before me now, I should shut my eyes and put my hands in my pockets.

If all the seven stones were laid out before me now, I should shut my eyes and put my hands in my pockets.



True happiness is impossible without solitude. The fallen angel probably betrayed God because he longed for solitude, which angels do not know.

True happiness is impossible without solitude. The fallen angel probably betrayed God because he longed for solitude, which angels do not know.



Stand still... and refuse to retreat. Look at it as God looks at it and draw upon His power to hold up under the blast.

Stand still... and refuse to retreat. Look at it as God looks at it and draw upon His power to hold up under the blast.



It is extremely difficult to do anything constructive, let alone deep, on daily commercial television, especially on a talk show.

It is extremely difficult to do anything constructive, let alone deep, on daily commercial television, especially on a talk show.



The camera is for us a tool, not a pretty mechanical toy ... people think far too much about techniques and not enough about seeing.

The camera is for us a tool, not a pretty mechanical toy ... people think far too much about techniques and not enough about seeing.



I'd like to thank the academy and I'd like to thank my mother and I'd like to thank my mother again, because I forgot to thank her last year.

I'd like to thank the academy and I'd like to thank my mother and I'd like to thank my mother again, because I forgot to thank her last year.



You shall not dwell in tombs made by the dead for the living.

You shall not dwell in tombs made by the dead for the living.



Service brings merit, merit allows you to go deeper in meditation, meditation brings back your smile.

Service brings merit, merit allows you to go deeper in meditation, meditation brings back your smile.



I've had a mentality that I can do anything, I've never put limitations on myself

I've had a mentality that I can do anything, I've never put limitations on myself




Quote Description


This page presents the quote "How could economics not be behavioral? If it isn't behavioral, what the hell is it?". Author of this quote is Charlie Munger. This quote is about economics, investing, hell,.