Search Results for: human misjudgment

Human Misjudgment and the American Revolution

July 05, 2017

We try to look at mental models in history through the lens of people who got it right, but once in a while, it’s beneficial to examine a model through the lens of those who got it wrong. In this case, let’s take a look at the remarkable series of misjudgments that resulted in the […]


Charlie Munger: The Psychology of Human Misjudgment (Transcript and Audio)

February 02, 2013

The Psychology of Human Misjudgment, a speech given in 1995 by legendary investor Charlie Munger, opened my eyes to how behavioral psychology can be applied to business and problem-solving. Munger, for those of you who haven’t heard of him, is the irreverent partner of Warren Buffett at Berkshire Hathaway. He’s offered us such gems as: a […]


Yuval Noah Harari on Why Humans Dominate the Earth: Myth-Making

January 18, 2016

“Ants and bees can also work together in huge numbers, but they do so in a very rigid manner and only with close relatives. Wolves and chimpanzees cooperate far more flexibly than ants, but they can do so only with small numbers of other individuals that they know intimately. Sapiens can cooperate in extremely flexible […]


The Best Books on The Psychology Behind Human Decision Making and Irrationality

February 05, 2012

**reader suggestions are at the bottom*** This is a great way to build your antilibrary. Predictably Irrational by Dan Ariely Mentioned by many others. Outstanding experimentally-driven analysis of human irrationality. Nudge by Richard Thaler and Cass Sunstein Great book that explains the disproportionate impact that initial conditions (priming, anchoring, etc.) have on our decision making. […]


Why Mental Models? My Interview With Professor and Value Investor Sanjay Bakshi [The Knowledge Project, Ep. #3]

May 24, 2018

On this episode of The Knowledge Project Podcast, I have on the show one of my favorite people: Sanjay Bakshi. Sanjay is one of India’s most recognized finance professors. He teaches a course entitled Behavioural Finance and Business Valuation at the Management Development Institute. And while he probably doesn’t want me to mention this, not […]


Upgrade Your Thinking and Make Better Decisions With Mental Models

May 14, 2018

When I first came across Charlie Munger’s 1995 Speech, The Psychology of Human Misjudgment, I realized that I could learn more from him than my MBA. So I spent the next few years reading and researching about cognitive biases and how we mislead ourselves. Munger showed me that the world had more to offer than […]