He has a net worth of over $2B usd. He is the voice of wisdom for one of the richest men on the planet. Charlie Munger is a lot of things and what he does best is use his keen grasp on human nature.
Nicolai Svane Kristensen put together this fantastic 29 page summary of the best of Charlie’s wisdom.
This is a must read for anyone who want to understand people and what makes them tick.
Here are a few that I liked and that you should check out:
2. Psychological Denial
4. Consistency and Commitment Bias
8. Deprival Super Reaction Syndrome
10. Importance of why
11. The lollapalooza effect
12. The fog of war
15. The horns effect
20. Availability-Misweighing Tendency
Take a look and I am sure that you will agree that this is one the best and easiest lessons to learn.
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