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The Psychology of Misjudgment and its Effect on Smart Leaders
Charlie Munger, Warren Buffett’s long-time partner, once gave a legendary talk called The Psychology of Human Misjudgment. His central point?It’s not lack of intelligence that ruins decisions. It’s the predictable ways our minds misfire. 1. Incentives Rule the Game Munger said, “Never, ever think about something else when you should be thinking about incentives.” He…

