"No academic ever expects to be taken seriously by more than three other people, because really, we write for three people in our field."

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As I talk about strengths and weaknesses in academic economics, one interesting fact you are entitled to know is that I never took a course in economics. And with this striking lack of credentials, you may wonder why I have the chutzpah to be up here giving this talk. The answer is I have a black belt in chutzpah. I was born with it.

— Charlie Munger