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Charlie Munger spent his life studying one question: why do smart people make bad decisions?
In his legendary talk The Psychology of Human Misjudgement, Munger outlined 25 psychological tendencies that quietly distort how we think.
From incentives and social proof to denial, envy, and authority bias, you’ll learn how these hidden tendencies shape behavior and how to build the mental defenses that helped Munger create one of the best decision records in history.
You’ll hear practical examples, powerful antidotes, and lessons you can apply to business, investing, and everyday life.
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Chapters:
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I published the full updated version on fs.blog with his permission, we are the only website to my knowledge that had his personal permission to post it.
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Upgrade: Get hand-edited transcripts and an ad-free experience, and so much more. Learn more @ fs.blog/membership
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Newsletter: The Brain Food newsletter delivers actionable insights and thoughtful ideas every Sunday. It takes 5 minutes to read, and it’s completely free. See what you're missing: fs.blog/newsletter
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Follow Shane Parrish
X @ShaneAParrish
Insta @farnamstreet
LinkedIn Shane Parrish
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This episode is for informational purposes only.
Learn more about your ad choices. Visit megaphone.fm/adchoices
By Shane Parrish4.7
25572,557 ratings
Charlie Munger spent his life studying one question: why do smart people make bad decisions?
In his legendary talk The Psychology of Human Misjudgement, Munger outlined 25 psychological tendencies that quietly distort how we think.
From incentives and social proof to denial, envy, and authority bias, you’ll learn how these hidden tendencies shape behavior and how to build the mental defenses that helped Munger create one of the best decision records in history.
You’ll hear practical examples, powerful antidotes, and lessons you can apply to business, investing, and everyday life.
-----
Chapters:
-----
I published the full updated version on fs.blog with his permission, we are the only website to my knowledge that had his personal permission to post it.
-----
Upgrade: Get hand-edited transcripts and an ad-free experience, and so much more. Learn more @ fs.blog/membership
------
Newsletter: The Brain Food newsletter delivers actionable insights and thoughtful ideas every Sunday. It takes 5 minutes to read, and it’s completely free. See what you're missing: fs.blog/newsletter
------
Follow Shane Parrish
X @ShaneAParrish
Insta @farnamstreet
LinkedIn Shane Parrish
------
This episode is for informational purposes only.
Learn more about your ad choices. Visit megaphone.fm/adchoices

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