How could economics not be behavioral? If it isn't behavioral, what the hell is it?
Charlie MungerRead
If you're glued together right and honorable, you will succeed. Get in there and get rid of stupidities and avoid bad people. Try teaching that to your grandchildren. The best way is by example. Fix yourself.
Interpretation
What this quote means
Success comes from integrity and personal improvement, which you should exemplify to others, especially the younger generation.
This quote by Charlie Munger emphasizes the importance of being honorable and right in one's actions as a foundation for success. It encourages individuals to clean up their lives by removing negative influences and behaviors while also advocating the need to lead by example, particularly when teaching the younger generation the values of integrity and self-improvement.
Themes
SuccessIntegrityHonorExampleTeachingSelf-Improvement
In practice
Example use cases
A motivational speaker could share this quote at a conference 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.
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
Hopefully, we can build a rivalry and we'll be able to do this a lot. Make a legacy, then retire champions.
Serena WilliamsRead
There is no royal flower strewn path to success. And if there is, I have not found it, for whatever success I have attained has been the result of much hard work and many sleepless nights.
Madam C. J. WalkerRead
The willingness to experiment with change may be the most essential ingredient to success at anything.
Pat SummittRead
You don't have to worry about being a number one, number two, or number three. Numbers don't have anything to do with placement. Numbers only have something to do with repetition.
Ornette ColemanRead
Entrepreneurship is about turning what excites you in life into capital, so that you can do more of it and move forward with it.
Richard BransonRead
To stay ahead, you must have your next idea waiting in the wings.
Rosabeth Moss KanterRead