The Psychology of Human Misjudgment, by Charlie Munger
In 1995, Charlie gave a lecture at Harvard called "The Psychology of Human Misjudgement."
It's the best speech about Human Psychology ever.
Here's how emotional mistakes harm your investment decisions: https://t.co/olADgUWZt3
“Common causes of bad decisions:
1. Not asking, “and then what?”
2. Blindness to large trends (blind spots)
3. Assumptions based on small sample sizes
4. Conforming to expectations/authority/group
5. Wanting the world to work the way we want rather than the way it does.”
1. Not asking, “and then what?”
2. Blindness to large trends (blind spots)
3. Assumptions based on small sample sizes
4. Conforming to expectations/authority/group
5. Wanting the world to work the way we want rather than the way it does.”