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Quoting Demosthenes, 'For what each man wishes, that he…

“Quoting Demosthenes, 'For what each man wishes, that he also believes to be true.' I would rather make money playing a piano in a whorehouse than arguing that no cost is incurred when employees are paid in stock options instead of cash. I am not kidding.” quote by Charlie Munger
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“Quoting Demosthenes, 'For what each man wishes, that he also believes to be true.' I would rather make money playing a piano in a whorehouse than arguing that no cost is incurred when employees are paid in stock options instead of cash. I am not kidding.”

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.

People often believe what they want, even if false; personal preferences can outweigh rational analysis.

In simple terms: We believe what we want, not what’s true.

Key Takeaway

Align decisions with evidence, not desire.

Themes

belief desire rationality economics

Mood

cautious analytical

Type

financial philosophical

When to use this quote

  • investment strategy
  • personal finance
  • organizational policy
  • negotiations

Key Concepts

cognitive bias decision making

Questions to Reflect On

  • How to detect wishful thinking?
  • What tools aid objective decision‑making?
A Different Perspective

Strong desires may cloud judgment.

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