Understanding how to be a good investor makes you a better business manager and vice versa.
Charlie MungerDetermine value apart from price; progress apart from activity; wealth apart from size.
Charlie MungerHow should the best parts of psychology and economics interrelate in an enlightened economist's mind?... I think that these behavioral economics...or economists are probably the ones that are bending them in the correct direction. I don't think it's going to be that hard to bend economics a little to accommodate what's right in psychology.
Charlie MungerJust as a man working with his tools should know its limitations, a man working with his cognitive apparatus must know its limitations.
Charlie Munger