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Charlie Munger Quotes About Phds

We have collected for you the TOP of Charlie Munger's best quotes about Phds! Here are collected all the quotes about Phds starting from the birthday of the Business person – January 1, 1924! We hope you will be inspired to new achievements with our constantly updated collection of quotes. At the moment, this page contains 1 sayings of Charlie Munger about Phds. We will be happy if you share our collection of quotes with your friends on social networks!

  • I have concluded that most PhD economists under appraise the power of the common-stock-based "wealth effect," under current extreme conditions... "Wealth effects" involve mathematical puzzles that are not nearly so well worked out as physics theories and never can be... What has happened in Japan over roughly the last ten years has shaken up academic economics, as it obviously should, creating strong worries about recession from "wealth effects" in reverse.

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    Charlie Munger
    Charlie Munger's speech at the Breakfast Meeting of the Philanthropy Roundtable in Washington, D.C., November 10, 2000.
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Charlie Munger

  • Born: January 1, 1924
  • Occupation: Business person
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