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99 Years of Charlie Munger Wisdom in 44 Minutes
My First Million
The Strategy of Avoiding Stupidity for Success
In this entertaining episode, Scott explores the concept of hindsight bias, our tendency to believe we could have predicted or expected an event after it has occurred. He shares a personal story about playing ping pong and trying to beat his brother-in-law, who was an excellent player. However, their confidence was shattered when an older man named Poppy, with his own paddle, easily defeated them without any flashy moves. This anecdote serves as a lesson about underestimating others and avoiding the pitfalls of hindsight bias.
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