MI Rewind: Warren Buffett’s #3 & Charlie Munger’s #1 Business Book of All-Time w/ Robert Cialdini
The Intrinsic Value Podcast - The Investor’s Podcast Network
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The Principle of Commitment and Consistency
This chapter discusses the principle of commitment and consistency in relation to Amazon's policy of paying fulfillment employees up to $5,000 if they quit, and how it encourages employee commitment. It also explores Warren Buffett and Charlie Munger's endorsement of the book 'Influence' and how their understanding of behavioral science contributes to their success in investing.
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