120 - Charlie Munger - The Psychology of Human Misjudgement
Maven Money Personal Finance Podcast
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The Leader Gets in a Cocoon of Unreality
When you raise the price of an alternative product, it'll get a larger market share than it would when you make it lower. It's a pure pavlobian phenomenon. The leader gets in a cocoon of unreality. There's a great big prise. And boy that he makes some dumb decisions in the last 20 years.
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