Bonus Episode-The Psychology of Human Misjudgement-Charlie Munger
Berkshire Hathaway Annual Shareholder Meetings (since 1994)
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The Man With a Hammer, Every Problem Looks Pretty Much Like a Nail
Economists loved efficient market theory because it was elegant, he says. But the alternative truth was a little messy, and Keynes said better to be roughly right than precisely wrong,. Nine: The sensation apparatus of man is over-influenced by contrast. It has no absolute scale; it's got a contrast scale with quantum effects in it too.
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