Quote by Charlie Munger

Mimicking the herd invites regression to the mean.

Mimicking the herd invites regression to the mean.

Summary

This quote suggests that imitating or conforming to the actions and behaviors of the majority can lead to a mediocrity or a decline in performance. "Regression to the mean" refers to the tendency for extreme or exceptional outcomes to move back towards the average over time. By blindly following the herd, one risks losing their individuality, ideas, and potential for reaching their own exceptional outcomes. It implies that innovation and success often come from thinking independently and standing out from the crowd.

Topics

Business Imitation Mungerisms Copying

By Charlie Munger

Liked the quote? Share it with your friends.

Random Quotations

Science is a game we play with God, to find out what his rul

Science is a game we play with God, to find out what his rules are.

Cornelius Krasel

Science

I don't need the money, dear. I work for art.

I don't need the money, dear. I work for art.

Art

Journey with me to a true commitment to our environment. Jou

Journey with me to a true commitment to our environment. Journey with me to the serenity of leaving to our children a planet in equilibrium.

Environmental

There's a great enthusiasm for good country music all over t

There's a great enthusiasm for good country music all over the world.

Music

I'm a bit jealous. Until two days ago someone told me I am t

I'm a bit jealous. Until two days ago someone told me I am the most famous Korean in the world.

Famous

Love is the ultimate outlaw. It just won't adhere to any rul

Love is the ultimate outlaw. It just won't adhere to any rules. The most any of us can do is to sign on as its accomplice. Instead of vowing to honor and obey, maybe we should swear to aid and abet. That would mean that security is out of the question. The words make and stay become inappropriate. My love for you has no strings attached. I love you for free.

Love

Well, the role of money in politics is pretty corrupting rig

Well, the role of money in politics is pretty corrupting right now.

Caroline Kennedy

Politics

Black hair and blue eyes are my favorite combination.

Black hair and blue eyes are my favorite combination.

Cassandra Clare

Magnus Bane

I've always wanted to work with Blair, and finally the timin

I've always wanted to work with Blair, and finally the timing was right. I have a tremendous amount of respect for him. I think he's a hugely underrated actor in Hollywood.

Respect

The number of people that will not go to a show they don't w

The number of people that will not go to a show they don't want to see is unlimited.

Oscar Hammerstein

Play/games

I have made this letter longer than usual, only because I ha

I have made this letter longer than usual, only because I have not had the time to make it shorter.

Time

I believe marriage is between a man and a woman. I am not in

I believe marriage is between a man and a woman. I am not in favor of gay marriage. But when you start playing around with constitutions, just to prohibit somebody who cares about another person, it just seems to me that's not what America's about. Usually, our constitutions expand liberties, they don't contract them.