Bonus Episode-The Psychology of Human Misjudgement-Charlie Munger
Berkshire Hathaway Annual Shareholder Meetings (since 1994)
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Three Factors of Insanity
Psychological denial is a common misjudgment that causes terrible problems. In lesser strength, it's present in every profession and in every human being. insanity caused bias both in one's own mind and that of one's trusted advisor where it creates what a economist called agency costs.
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