Charlie Munger, Vice Chairman of Berkshire Hathaway, often does not get the recognition that his investing partner, Warren Buffett, receives. However, Munger is an investing legend in his own way. I have always admired Munger for his critical and rational thinking and it was a privilege to hear him speak at the 2006 Berkshire shareholder meeting.
Recently, I came across an article on the Reflections on Value Investing blog (I highly recommend this blog to all value investors) which talks about the Man-with-the-hammer syndrome.
The article has a link to Munger's speech titled PSYCHOLOGY OF HUMAN MISJUDGMENT. In the undated speech at Harvard Law School, Munger talks about the extreme irrationality and biases that are prevalent in the world. Click here for a link to the article.
Munger also makes several references to Robert Cialdini and his work on influence and compliance. I recently re-read Cialdini's book Influence - a must read for anybody trying to understand the different techniques compliance professionals use to manipulate our minds!
I found Munger's talk very enlightening and it reinforced my belief that Munger is one of top thinkers of our time.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment