A Quote by Charlie Munger
Rationality is not just something you do so that you can make more money, it is a binding principle. Rationality is a really good idea. You must avoid the nonsense that is conventional in one's own time. It requires developing systems of thought that improve your batting average over time.
Related Quotes
Mental or spiritual health, which is rationality, makes for progress, and the future demands greater and greater mental or spiritual health, greater and greater rationality. The brain must dominate and direct both the individual and society in the time to come, not the belly and the heart.
I think excessive rationality can be very dangerous. Certainly the kind of rationality we've seen in the last hundred years, and still see on a daily basis when Madeleine Albright says that it's all right, we have to live with the idea of hundreds of thousands of Iraqi children dying because it contains Saddam Hussein.
Talk about rationality can get very confusing unless the things with which rationality deals are also included.
The end point of rationality is to demonstrate the limits of rationality.
The ontological concept of truth is in the centre of a logic which may serve as a model of pre- technological rationality. It is the rationality of a two-dimensional universe of discourse which, contrasts with the of thought and behavior that develop in the execution of the technological project.
When you look at any experimental work not directly related to economics, but trying to test rational behavior in other ways, experiments have conspicuously failed to show rational behavior. Macro evidence certainly suggests deviations from rationality, but I don't want to say the rationality hypothesis is completely wrong. If you have any introspective idea or experimental idea about people's behavior, it seems to be incompatible with the really full scale rational expectations.
We don't see very far in the future, we are very focused on one idea at a time, one problem at a time, and all these are incompatible with rationality as economic theory assumes it.
The outcome of a non-constant-sum game may be dictated by the individual rationality of the respective players without satisfying a criterion of collective rationality.
I would warn against too much of a radical devotion to rationality. Rationality is an illusion, an invented concept, a construct from the mind of man. It is not a property of the universe. Rationality may be a useful tool when it suits our purposes, however, it is merely a measuring stick, calibrated against what we know of the nature of the universe - all of which may or may not be completely inaccurate.
To know one's own desires, their meaning and their costs requires the highest human virtue: rationality.
Softly and kindly remind yourself, ''I cannot own anything.'' It is a valuable thought to keep in mind as you struggle to improve your financial picture, worry about investments, and plan how to acquire more and more. It is a universal principle which you are part of. You must release everything when you truly awaken. Are you letting your life go by in frustration and worry over not having enough? If so, relax and remember that you only get what you have for a short period of time. When you awaken you will see the folly of being attached to anything.
We've got a form of brainwashing going on in our country…. Do you know how they brainwash people? They repeat something over and over. And that's what we do in this country. Owning things is good. More money is good. More property is good. More commercialism is good. MORE IS GOOD. MORE IS GOOD. We repeat it--and have it repeated to us--over and over until nobody bothers to even think otherwise. The average person is so fogged up by all this, he has no perspective on what's really important anymore.
I’m not insane, I’m voluntarily indifferent to conventional rationality.
It is not rational to assume, without evidence, that rationality can disclose everything about the world, just because it can disclose some things. Our intuition in favour of rationality, where we are inclined to use it, is just that - an intuition. Reason is founded in intuition and ends in intuition, like a pair of massive bookends.
I mean, I think it's a two-way relationship: I think you should not have too much faith in your own rationality. You should not have too much faith in the rationality of, you know, anybody else either. We all learn together about the way the world is, and I think it's a sort of antidote to wishful thinking of all kinds.
Why continue? Because we must. Because we have the call. Because it is nobler to fight for rationality without winning than to give up in the face of continued defeats. Because whatever true progress humanity makes is through the rationality of the occasional individual and because any one individual we may win for the cause may do more for humanity than a hundred thousand who hug their superstitions to their breast.
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