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Exploring the impact of Warren Buffett's partner, Charlie Munger, and his mental models and psychological tendencies. They discuss Munger's book, recommend exploring the life of Benjamin Franklin, and introduce his speech on the 'Psychology of Human Misjudgment' where they aim to share their favorite misjudgments and provide examples of how they impact success as an entrepreneur.

Episode 76: This episode is in honor of Charlie Munger, who died on November 28th, 2023, at the age of 99. Beyond being one of the greatest value investors of all time, Charlie Munger was often considered to be the behind-the-scenes voice of reason for his more public counterpart Buffett, and many admired him for his latticework of mental models. In 1995, Charlie gave a speech called the Psychology of Human Misjudgment, which contains 25 psychological tendencies by humans that can lead to bad decision making & bad outcomes. Today, Alex shares his 13 favorite & provide examples of how they impact your abilities and success as an entrepreneur.

Link to the original speech: https://fs.blog/great-talks/psychology-human-misjudgment/

Link to Poor Charlie’s Almanack: https://www.amazon.com/Poor-Charlies-Almanack-Charles-Expanded/dp/1578645018

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