Aligning incentives

Well, I think I’ve been in the top 5% of my age cohort all my life in understanding the power of incentives, and all my life I’ve underestimated it. And never a year passes but I get some surprise that pushes my limit a little farther.

Charlie Munger (source)

Can you think of someone you considered kind, smart, trustworthy or hardworking who suddenly did something that went completely against the high regard in which you had been holding them?

Were you disappointed? Or even shocked? How could they suddenly behave so foolishly, dishonestly, lazily or maniacally?

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