Kyle Harrison
concept
Let Life Be Hard
Let Life Be Hard
The idea, drawn from Munger’s worldly-wisdom lecture, that it is often better to let some genuine wrongs go uncompensated than to build systems that are easy to cheat — accepting individual unfairness as the price of a net social benefit. Tagged with #Incentives in Kyle’s notes on Charlie Munger — A Lesson on Elementary Worldly Wisdom, Revisited.
Where this appears
- Charlie Munger — A Lesson on Elementary Worldly Wisdom, Revisited — “it’s much better to let some things go uncompensated… than to create systems that are easy to cheat.”