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In his own words

Munger on Incentives

3 sourced quotes. All themes →

“Show me the incentive and I will show you the outcome.”
Poor Charlie's Almanack
“Never, ever, think about something else when you should be thinking about the power of incentives.”
The Psychology of Human Misjudgment (Poor Charlie's Almanack)
“Perhaps the most important rule in management is, 'Get the incentives right.'”
The Psychology of Human Misjudgment (Poor Charlie's Almanack) · as recalled

From the FedEx night-shift example in the Misjudgment essay; wording varies slightly across editions.