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Charles Thomas Munger is Warren Buffett's irreverent business partn...
Listen to Charlie Mungers talk here: [!["Psychology of Human M...
Instead of developing good judgement from scratch Munger decides to...
**Fun fact: One share of Berkshire class A stock is worth $273,700 ...
### 1. Reward and Punishment Superresponse Tendency > ***"Neve...
> ***"To a man with a hammer, everything looks like a nail."*** ...
### 2. Liking/Loving Tendency > ***"...man will generally starve...
### 4. Doubt-Avoidance Tendency > ***"The brain of man is progra...
### 3. Disliking/Hating Tendency > ***"the long history of man c...
### 5. Inconsistency-Avoidance Tendency > ***"It is important no...
### 6. Curiosity Tendency > ***"Curiosity, enhanced by the best ...
### 7. Kantian Fairness Tendency > ***"It is interesting how the...
### 8. Envy/Jealousy Tendency > ***"It is not greed that drives ...
### 9. Reciprocation Tendency > ***"The automatic tendency of hu...
This is a fascinating story. You can learn more about the World War...
### 10. Influence-from-Mere-Association Tendency > ***" Carefull...
### 12. Excessive Self-Regard Tendency > ***"All man's decisions...
### 11. Simple, Pain-Avoiding Psychological Denial > ***"It is n...
### 13. Overoptimism Tendency > ***"Demosthenes, the most famous...
### 14. Deprival-Superreaction Tendency > ***"The quantity of a ...
### 15. Social-Proof Tendency > ***"When will the Social­Proof T...
### 16. Contrast-Misreaction Tendency > ***" 'A small leak will ...
### 17. Stress-Influence Tendency > ***"The heavy­handed imposit...
### 18. Availability-Misweighing Tendency > ***" 'When I’m not n...
### 19. Use-It-or-Lose-It Tendency > ***"Throughout his life, a ...
### 22. Authority-Misinfluence Tendency > ***"But automatic as m...
### 20. Drug-Misinfluence Tendency > ***"This tendency’s destruc...
### 21. Senescence-Misinfluence Tendency > ***"Some people remai...
### 23. Twaddle Tendency > ***"Man, as a social animal who has t...
### 24. Reason-Respecting Tendency > ***"Reason-Respecting Tende...
### 25. Lollapalooza Tendency... > ***"This tendency was not in ...