The Psychology of Human Misjudgment

The Psychology of Human Misjudgment

Charlie T. Munger


Munger titled the speech "Twenty 4 average factors of Human Misjudgement".

Warren Buffett calls Charlie Munger his companion. Even earlier than he used to be vp at Berkshire Hathaway, he used to be often called a canny investor. Mr. Munger speaks in regards to the framework for determination making, the criteria contributing to misjudgements and behavioral economics in a folksy downhome way.

A selection of Munger's speeches used to be gathered by means of Peter D. Kaufman as negative Charlie's Almanack: The Wit and knowledge of Charles T. Munger. even if they're longtime buddies and companions, Munger is rarely a carbon reproduction of Buffett: Munger is understood to be a Republican, while Buffett has ordinarily supported Democrats.

Quote: Warren has continuously been very open approximately what he’s discovered, and that i percentage that ethos. My own habit version is Lord Keynes: i wished to get wealthy so i may be self reliant, and so i may do different such things as provide talks at the intersection of psychology and economics. I didn’t are looking to flip it right into a overall obsession.
Speech in pdf

Munger references effect: The Psychology of Persuasion via R.Cialdini

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