The Psychology of
How we get fooled –
and how not to
How to avoid common misjudgements
Good advice about how to avoid common misjudgements.
Pretty simple principles, but it’s good to review them regularly.
“You think you’re immune to these things and you laugh, but I can tell you you’re not.”
Charlie Munger, Warren Buffett’s long term partner.
Good general advice: Don’t accept anything “authority” says. Assume there is something “off” and self-serving about their position and look for: 1) what it is and 2) how they’re trying to “sell” it.