"[People] only act–
the power of incentives–
when it gets so bad
that it starts
making them look foolish
or threatening legal liability.
That's Munger's rule."
– Charlie Munger in "The Psychology of Human Misjudgment"
[Quote] People only act
"[People] only act–
the power of incentives–
when it gets so bad
that it starts
making them look foolish
or threatening legal liability.
That's Munger's rule."
– Charlie Munger in "The Psychology of Human Misjudgment"
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