How could economics not be behavioral? If it isn't behavioral, what the hell is it?
Charlie MungerRead
The game of life is the game of everlasting learning. At least it is if you want to win.
Interpretation
What this quote means
Life is a continuous learning process essential for success.
This quote by Charlie Munger emphasizes the importance of lifelong learning as a crucial element to achieving success in life. Just as a game requires skill and strategy, navigating through life demands a commitment to learning and adapting, suggesting that those who embrace this mindset are more likely to 'win' in their pursuits.
Themes
LearningLifeSuccessGrowthEducation
In practice
Example use cases
During a personal development workshop, using this quote can inspire attendees to commit to continuous learning.
More from Charlie Munger
All quotes βThe world of derivatives is full of holes that very few people are really aware of. It's like hydrogen and oxygen sitting on the corner waiting for a little flame.
Charlie MungerRead
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.
Charlie MungerRead
Economics is in many respects the queen of the soft sciences. It's expected to be better than the rest. It's my view that economics is better at the multi-disciplinary stuff than the rest of the soft science. And it's also my view that it's still lousy.
Charlie MungerRead
Look at this generation, with all of its electronic devices and multitasking. I will confidently predict less success than Warren, who just focused on reading.
Charlie MungerRead
Economics profession, they've been - they've been confident in various formulas, but economics is not physics. The same formula that works in one decade doesn't work in the next. Economics is a difficult subject.
Charlie MungerRead
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Courses in the humanities, in particular, often seem impractical, but they are vital, because they stretch your imagination and challenge your mind to become more responsive, more critical, bigger.
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We had nothing, no television, no radio, nothing to get in the way. We read by the streetlight at the top of the lane, and we acted out the stories.
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You take those little rascals, talk to them good, pat them on the back, let them think they are good, and they will go out and beat the biguns.
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Above all, though, children are linked to adults by the simple fact that they are in process of turning into them. For this they may be forgiven much. Children are bound to be inferior to adults, or there is no incentive to grow up.
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We wish to learn all the curious, outlandish ways of all the different countries, so that we can "show off" and astonish people when we get home. We wish to excite the envy of our untraveled friends with our strange foreign fashions which we can't shake off.
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