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"Well the open-outcry auction is just made to turn the brain into mush: you've got social proof, the other guy is bidding, you get reciprocation tendency, you get deprival super-reaction syndrome, the thing is going away... I mean it just absolutely is designed to manipulate people into idiotic behavior."

— Charlie Munger
charlie munger Quotes Manipulate,Social,Syndromes

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C
Charlie Munger
Manipulate
Social
Syndromes
Reactions
Going Away
Other Guys
Bidding
Idiotic
Auctions

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The government consists of a gang of men exactly like you and me. They have, taking one with another, no special talent for the business of government; they have only a talent for getting and holding office. Their principal device to that end is to search out groups who pant and pine for something they can't get and to promise to give it to them. Nine times out of ten that promise is worth nothing. The tenth time is made good by looting A to satisfy B. In other words, government is a broker in pillage, and every election is sort of an advance auction sale of stolen goods.

— H. L. Mencken

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I don't like masterpieces having one-night stands in collectors' homes between auctions.

— Robert Rauschenberg

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