~ Rolf Dobelli, The Art of Thinking Clearly, "Those Wielding Hammers See Only Nails," pp. 275-276
"The social system of private property and limited government is the only system that tends to debarbarize all those who have the innate capacity to acquire personal culture." ~Ludwig von Mises
Aug 14, 2022
Rolf Dobelli quotes Charlie Munger on the "man with the hammer tendency"
"If your only tool is a hammer, all your problems will be nails," said Mark Twain - a quote that sums up the déformation professionnelle perfectly. Charlie Munger, Warren Buffett's business partner, named the effect the "man with the hammer tendency" after Twain: "But that's a perfectly disastrous way to think and a perfectly disastrous way to operate in the world. So you've got to have multiple models. And the models have to come from multiple disciplines - because all the wisdom of the world is not to be found in one little academic department."
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