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Spiritual Bookshelf Episode 48: How to Build Financial Wisdom – Part 15
Hello there, how’s your week been? Now, let’s zoom in on a fascinating section from Poor Charlie’s Almanack, specifically Lecture 11, where Munger explains his list of the 25 causes of human misjudgment. One of the key lessons he learned early on is that most psychology textbooks miss something very important: they don’t properly explain how different psychological tendencies interact with each other. These interactions often create complex, surprising outcomes. To illustrate, he used example...
