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120 - Charlie Munger - The Psychology of Human Misjudgement

Maven Money Personal Finance Podcast

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Is There a Warp in Your Head?

If you're going to be a person of good judgment, you have to do something about this warp in your head where it's so misled by by contrast bias from over influence by authority. I mean, this is very powerful psychological tendency. It's not quite as powerful as some people think, and i'll get to that later. But these are hot shili powrd people. If it comes to you in small pieces, you're likely to miss. N i don't know whether that's true about a frog, but it sure as held true about many of the business men, i know. And there again, it is the, it is Thecon phenomena.

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