Joshua Kennon's Personal Blog

Joshua Kennon

Thoughts on Business, Politics, and Life from a Private Investor

Nov242008

The Psychology of Human Misjudgment by Charlie Munger

PsychologyBy Joshua Kennon November 24, 2008 4 Comments

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…

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Jan11982

Optimism Bias

Cognitive BiasesBy Joshua Kennon January 1, 1982

Optimism bias, sometimes referred to as unrealistic bias or comparative optimism, is a particularly powerful mental model because it causes a person to believe he or she is less likely to experience a negative event than members of the general population with statistically identical risk factors.

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