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
Similar quotes
Intelligence tests are biased toward the literate.
George CarlinRead
Over-coaching can be more harmful than under-coaching. Keep it simple!
John WoodenRead
You'll never make your mark as a writer unless you develop a respect for words and a curiosity about their shades of meaning that is almost obsessive. The English language is rich in strong and supple words. Take the time to root around and find the ones you want
William ZinsserRead
How can the oppressed, as divided, unauthentic beings, participate in developing the pedagogy of their liberation?
Paulo FreireRead
Not everyone realises that to write a really good piece of journalism is at least as demanding intellectually as the achievement of any scholar.
Max WeberRead
Human intelligence is richer and more dynamic than we have been led to believe by formal academic education.
Ken RobinsonRead