While looking at our decision making, I kept finding that most of us were misjudging probability of events or assuming impossibility of events. Even though we had been proven wrong time and time again.
I wondered if this was a new phenomenon. And found that it's not. It's always been there, and it was I who only now realized that it seems to be part of a human folly.
Charles Munger, Vice-Chairman of Berkshire Hathaway gave this speech on Human Misjudgement in 1995.
You can see a "...an abridged and animated version of that speech."
The Psychology of Human Misjudgement
or
You can see the full original speech
The Psychology of Human Misjudgement - Charlie Munger Full Speech
I wondered if this was a new phenomenon. And found that it's not. It's always been there, and it was I who only now realized that it seems to be part of a human folly.
Charles Munger, Vice-Chairman of Berkshire Hathaway gave this speech on Human Misjudgement in 1995.
You can see a "...an abridged and animated version of that speech."
The Psychology of Human Misjudgement
or
You can see the full original speech
The Psychology of Human Misjudgement - Charlie Munger Full Speech
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