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Do You Blame the People Who Create the Incentives?
i think when you take human beings y put them in a system where they have bad incentives, and you get bad results. And so i hope something really takes ou it's also interesting, when you look from the outside in, that there's sort of like no individual to blame, right? Like i feel for the teachers in the classroom. I feel for everybody involved in the system. But the end outcome is just terrible. Yet, charley munger has this great thing i really like. Whet he see e says, look, if if you often in the world, itis a great example,. You often have a system, and the system has incentives, and thi