
Bonus Episode-The Psychology of Human Misjudgement-Charlie Munger
Berkshire Hathaway Annual Shareholder Meetings (since 1994)
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What's the Cause of Information Inefficiencies?
Pavlovian conditioning, where you give the dog a reward and pound in the behavior that preceded the dog's getting the award. Schenner was able to create superstitious pigeons by having rewards come by accident with certain occurrences. Westinghouse blew what? Two or three billion dollars free tax at least,. loaning developers to build hotels and virtually a hundred percent loans.
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