Charlie Munger & The Psychology of Human Misjudgment (TIP571)
发布时间 2023-08-17 23:45:01 来源
摘要
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Clay Finck reviews the 28 psychology of human misjudgments in Peter Bevelin’s book, Seeking Wisdom. One of the best ways to behave more rationally is to understand our own shortcomings biologically, which we are oftentimes unaware of. This episode dives deep into these shortcomings and how we can sidestep them to invest more wisely.
▶️ RELATED EPISODES:
- An Investor's Guide to Clear Thinking w/ Chris Mayer: https://youtu.be/4tBSuif3x2M
- Investing in Quality Businesses & the Art of Lifelong Learning w/ Gautam Baid: https://youtu.be/_9l5XTZY5b0
IN THIS EPISODE, YOU’LL LEARN:
- Many of the human misjudgments that Charlie Munger has spoken about extensively.
- What bias by mere association is.
- How rewards and punishments influence our behavior.
- How self-interest and incentives drive decision-making.
- The bias of self-deception and denial.
- The bias of being consistent with our prior actions.
- The status quo bias.
- How investors can exploit the tendency of humans to be incredibly impatient.
- The anchoring bias.
- What reciprocity is, and its effects on human behavior.
- The bias of social proof.
- How authority bias affects our investment decisions.
- Why the simple solution is oftentimes the best solution.
- How to combat our desire to minimize uncertainty.
🎧 Listen to our episodes here: https://link.chtbl.com/TIP-WSB
🖊️ Access the transcript and learn more about the guest here: https://www.theinvestorspodcast.com/episodes/charlie-munger-the-psychology-of-human-misjudgment/
📖 BOOK MENTIONED:
- Seeking Wisdom by Peter Bevelin: https://amzn.to/3QFPeQC
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