How could economics not be behavioral? If it isn't behavioral, what the hell is it?
Charlie MungerRead
In my whole life, I have known no wise people (over a broad subject matter area) who didn't read all the time - none, zero. You'd be amazed at how much Warren reads - at how much I read. My children laugh at me. They think I'm a book with a couple of legs sticking out.
Interpretation
What this quote means
Continuous reading fosters wisdom and knowledge.
Charlie Munger emphasizes the importance of reading in acquiring wisdom and knowledge. He notes that truly wise individuals are often voracious readers, highlighting how essential lifelong learning and intellectual curiosity are to personal growth and understanding.
Themes
ReadingWisdomKnowledgeEducationLifelong Learning
In practice
Example use cases
In a lecture on personal development, you might say, 'As Charlie Munger pointed out, continuous reading is crucial for wisdom.'
More from Charlie Munger
All quotes →The 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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A bookstore is one of the only pieces of evidence we have that people are still thinking.
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The best educated human being is the one who understands most about the life in which he is placed.
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The reason why so few good books are written is that so few people who can write know anything.
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If people can be educated to see the lowly side of their own natures, it may be hoped that they will also learn to understand and to love their fellow men better. A little less hypocrisy and a little more tolerance towards oneself can only have good results in respect for our neighbor; for we are all too prone to transfer to our fellows the injustice and violence we inflict upon our own natures.
Carl JungRead