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Of course you want to drive that out of yourself because…

“Of course you want to drive that out of yourself because you want to be wise, not foolish. You also have to allow for the self-serving bias of everybody else because most people are not going to remove it all that successfully, the human condition being what it is. If you don't allow for…” quote by Charlie Munger
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“Of course you want to drive that out of yourself because you want to be wise, not foolish. You also have to allow for the self-serving bias of everybody else because most people are not going to remove it all that successfully, the human condition being what it is. If you don't allow for self-serving bias in your conduct, again you're a fool.”

Charlie Munger

About This Quote

This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.

Wisdom requires recognizing personal bias and accepting that others also have it; ignoring this leads to folly.

In simple terms: Know your bias, accept others' bias, avoid foolishness.

Key Takeaway

Check bias before decisions.

Themes

wisdom human nature decision making

Mood

reflective cautious

Type

advice philosophical

When to use this quote

  • investment decisions
  • leadership
  • personal growth
  • team management

Key Concepts

cognitive bias self-awareness humility

Questions to Reflect On

  • How do you balance self‑critique with realistic expectations?
  • When might trusting others' judgment be beneficial?
A Different Perspective

Self‑serving bias is hard to eliminate completely, so over‑correction can cause paralysis.

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