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用他自己的話說

芒格論激勵

13 條有出處的語錄。全部主題

“給我看激勵機制,我就能告訴你結果。”
Poor Charlie's Almanack
“在該思考激勵機制之威力的時候,千萬、千萬不要去想別的事情。”
The Psychology of Human Misjudgment (Poor Charlie's Almanack) · where he said it ↗
“管理上最重要的一條規則,或許就是:‘把激勵機制設對。’”
The Psychology of Human Misjudgment (Poor Charlie's Almanack) · as recalled · where he said it ↗

出自《人類誤判心理學》一文中聯邦快遞夜班的例子;不同版本的措辭略有出入。

“我想,在理解激勵機制的威力這件事上,我這一輩子都處在同齡人中前5%的水平,可即便如此,我這一輩子都低估了它。沒有哪一年不出點意外,把我認知的邊界又往外推一點。”
The Psychology of Human Misjudgment (Poor Charlie's Almanack) · 1995 · where he said it ↗

最早是1995年一次演講中講的;公認的措辭出自經過擴充的《窮查理寶典》版本。

“我們想贏的是路亞釣魚巡迴賽,而養老基金顧問賣的是漁具。我們對賣漁具沒興趣,我們感興趣的是把魚釣上來。”
Whitney Tilson's notes, Wesco Financial annual meeting, Pasadena, May 7, 2003 (Q&A, 'Pension Fund Consultants') · 2003

他關於“幹事的人對賣東西的人”的論點(他的原話是‘沃倫和我’)。

“我這輩子一直躲著薪酬顧問。我簡直找不出詞來表達我對他們的鄙夷。”
Berkshire Hathaway annual meeting, 2017 (Omaha) · 2017 · where he said it ↗
“那些設計出輕易就能被鑽空子的制度的人,活該下到地獄最底層那一圈。”
"Academic Economics: Strengths and Faults After Considering Interdisciplinary Needs," Herb Kay Undergraduate Lecture, University of California, Santa Barbara, October 3, 2003 · 2003 · where he said it ↗
“大自然的鐵律是:你獎勵什麼,就得到什麼。你要是想招螞蟻,就往地上撒糖。”
Tren Griffin, 'Charlie Munger: The Complete Investor' (2015) — illustrating Munger's Reward-and-Punishment Superresponse Tendency · as recalled

出自格里芬的書;具體場合無法考據到某段錄音。

“我問他,‘我的天,這些都是紫的綠的。魚真會咬這種假餌?’他說,‘先生,我又不是賣給魚的。’”
Charlie Munger, "A Lesson on Elementary, Worldly Wisdom As It Relates to Investment Management & Business" (the "Art of Stock Picking" talk), lecture to Prof. Guilford Babcock's students, USC Business School, 1994; published in Outstanding Investor Digest, May 5, 1995 · 1994 · where he said it ↗

他常講的一個釣具笑話;妙就妙在售貨員那句關於激勵機制的點睛之筆。

“最後,有人想出個辦法:付給這些人錢,不再按小時算,而是按一個班次算——活兒幹完了,他們就都能回家。結果呢,他們的問題一夜之間就沒了。”
Charlie Munger, "A Lesson on Elementary, Worldly Wisdom As It Relates to Investment Management & Business" (the "Art of Stock Picking" talk), USC Business School, 1994; published in Outstanding Investor Digest, May 5, 1995 · 1994 · where he said it ↗

他舉的聯邦快遞夜間分揀的例子——按班次付錢,而不是按小時。

“在官僚機構裡,你以為活兒從你的收件筐挪進別人的收件筐就算幹完了。可當然不是。要等AT&T把該交付的東西真正交付出去,活兒才算幹完。”
Charlie Munger, "A Lesson on Elementary, Worldly Wisdom As It Relates to Investment Management & Business" (the "Art of Stock Picking" talk), USC Business School, 1994; published in Outstanding Investor Digest, May 5, 1995 · 1994 · where he said it ↗
“這就是我說的‘衝著費用去的購買’,很多都是這樣——人們買東西是為了賺那筆費用。”
Daily Journal Corporation annual meeting (February 12, 2020) · 2020 · where he said it ↗

談私募股權/風險投資行業那套靠收費驅動的文化。

“可惜的是,‘講理由傾向’實在太強,哪怕一個人給出的是毫無意義或乾脆錯誤的理由,也照樣能提高別人對他命令和請求的服從度。”
"The Psychology of Human Misjudgment" (revised essay), Poor Charlie's Almanack — Reason-Respecting Tendency (No. 24) (2005) · 2005 · where he said it ↗

他提出的“講理由傾向”——哪怕理由毫無意義,也能提高服從度。