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MI361: Poor Charlie's Almanack w/ Shawn O'Malley

The Intrinsic Value Podcast - The Investor’s Podcast Network

CHAPTER

Charlie Munger's Influence on Modern Investing Psychology

This chapter explores Charlie Munger's early recognition of psychology's role in investing, contrasting it with traditional economic beliefs and highlighting figures like Kahneman, Tversky, and Cialdini in behavioral finance's evolution. It emphasizes the ongoing challenge of applying psychological concepts in investing, with Munger's insights serving as an example. Additionally, the importance of focusing on microeconomics for better macroeconomic understandings, the concept of 'febezzlement,' and Munger's views on the relationship between psychology, morality, and system design are discussed.

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