In his own words
Munger on Incentives
3 sourced quotes. All themes →
“Show me the incentive and I will show you the outcome.”
“Never, ever, think about something else when you should be thinking about the power of incentives.”
“Perhaps the most important rule in management is, 'Get the incentives right.'”
From the FedEx night-shift example in the Misjudgment essay; wording varies slightly across editions.