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120 - Charlie Munger - The Psychology of Human Misjudgement

Maven Money Personal Finance Podcast

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Investing in the Common Stock of a Company

i don't think it's good teach psychology the the masses. My personal behavior model is lord cane's i wanted to get rich so i could be independent. I didn't want to turn it into a total obsession. The one thing that causes the most trouble is when you combine a bunch of these together, you get this lalapalusa effect. Tink would be just an automatic subject for for research, but it doesn't seem to turn the psychology establishment on.

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