Munger falls prey to the psychology of human misjudgement
In 1995 at the Harvard Law School, Warren Buffett’s business partner, Charlie Munger, gave a speech titled ‘The Psychology of Human Misjudgement’. The speech lists 24 standard causes of mental error....
View ArticleNever underestimate the power of incentives
In the excellent article 24 Standard Causes of Human Misjudgment, Charlie Munger, Warren Buffett’s business partner, gave the following answer when asked about the power of incentives. ‘I think I’ve...
View ArticleWhy this jerk holds a little gold
It’s been a tough time to be a gold-holding value investor. Firstly one of my heroes, Charlie Munger, calls me a jerk. Then, my colleague, close friend and guest at my wedding, Steve Johnson, calls me...
View ArticleNotes from the Berkshire Hathaway 2011 annual meeting
Warren Buffett and Charlie Munger provided plenty of food for thought for Australian investors at the weekend. Early on Buffett mentioned that Berkshire had made around $100m on foreign exchange...
View ArticleCharlie Munger to speak his mind
Two things disappointed me somewhat on my first visit to the Berkshire Hathaway annual meeting in Omaha, Nebraska back in May 2002. The first was that Warren Buffett didn’t completely speak his mind....
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