How could economics not be behavioral? If it isn't behavioral, what the hell is it?
Charlie MungerRead
The safest way to get what you want is to deserve what you want.
Interpretation
What this quote means
To achieve your desires, you must earn them through your actions and character.
This quote by Charlie Munger emphasizes the importance of merit in attaining one's goals. It suggests that rather than seeking shortcuts or easy paths to gain what you want, true fulfillment comes from deserving those aspirations through hard work, integrity, and personal growth.
Themes
SuccessDeserveEffortGoalsAchievement
In practice
Example use cases
In a motivational speech about personal development.
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.
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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.
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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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I always knew I had something special.
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