AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
25sec snip
TIP571: Charlie Munger & The Psychology of Human Misjudgment
We Study Billionaires - The Investor’s Podcast Network
The status quo bias in decision-making and career changes
The more emotional or more choices we have, the more we prefer the status quo, even if switching costs are low. This applies to sticking with old jobs, car brands, etc. It reminds me of the pushback people face when leaving a promising career to pursue passion or a new business opportunity.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode