probabilities - Joshua Kennon

February 8, 2012

Stereotypical Casino Food

August 31, 2009 By Joshua Kennon Leave a Comment

casino-food-casino-buffet-chicken-fried-steak

This afternoon, Ruby stopped by and asked me to go to the casino with her. I always enjoy spending time with family and was happy to do so, despite my general distaste for casinos (as an investor, I know the probability tables and payout ratios for most of the games; I love owning casino stocks but find myself unable to play the games without feeling like I'm doing something foolish). As she went into play, I grabbed dinner because I hadn't eaten. I sat down with a book I picked up at … [Read more...]

Filed Under: My Life Tagged With: books, casino, coffee, douwe egberts, probabilities, Ruby, search engine marketing, stocks

The Psychology of Human Misjudgment by Charlie Munger

November 24, 2008 By Joshua Kennon 2 Comments

Charles Munger, Vice Chairman of Berkshire Hathaway

By Charlie Munger (Warren Buffett’s partner at Berkshire Hathaway) Speech at Harvard Law School (1995) Transcription of The Psychology of Human Misjudgment, comments [in brackets] by Whitney Tilson. Note from Joshua Kennon: I've written a lot about Charlie Munger over the years, especially the influence he has had on my life and how we run my companies by using our own mental models. This is one of the best speeches Munger ever gave ... which may be why my family owns about a dozen … [Read more...]

Filed Under: Psychology Tagged With: Berkshire Hathaway, Charlie Munger, Coca-Cola, Economics, failure, gambling, incentive, lottery, math, mental models, morality, oil, Pepsi, probabilities, Psychology, Real Estate, tea, worldy wisdom

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