Status Updates From Seeking Wisdom: From Darwin...
Seeking Wisdom: From Darwin To Munger by
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Tarik .
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...Incentives for the decision-maker determine behaviour. This means that we have to recognize self-interested behaviour in others.
There is an old saying:"Never ask the village barber if you need a haircut." We are biased by our incentives as are others including lawyers, accountants, doctors, consultants, salesmen, organizations, the media, etc. What is good for them may not be good for us.
— Nov 14, 2025 04:05PM
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There is an old saying:"Never ask the village barber if you need a haircut." We are biased by our incentives as are others including lawyers, accountants, doctors, consultants, salesmen, organizations, the media, etc. What is good for them may not be good for us.
