13 Dangerous Psychological Biases

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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Alex Lieberman (@businessbarista)

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