Learn more about personaldevelopment with this collection
How to challenge assumptions
How to generate new ideas
How to break out of traditional thinking patterns
Making things easier
On a personal level, Charlie Munger suggests we should face two facts:
- Correctable, but unfixed bad performance is bad character and may make more of itself and cause more damage.
- In demanding places, like sports teams, excuses and bad behaviour will prevent progress.
On an institutional level, Munger suggests:
- Building a fair, meritocratic culture and methods of handling people that build up morale.
- Separate the worst offenders when possible.
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467 reads
MORE IDEAS ON THIS
The vicious cycle of self-justification
When we face a decision whose consequences are morally ambiguous, the first choice starts the process of entrapment. It leads us to justify our actions, which leads to further action in the wrong direction, which increases the intensity of our choice. This causes a vicious cycle of self-justifica...
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461 reads
The Tolstoy effect
A person with a strong self-serving bias may have little capacity to assess a situation objectively.
In his speech, The psychology of human misjudgment, Charlie Munger considers the tendencies of serious criminals in Tolstoy's novels.
The criminals defend themse...
107
851 reads
Making smarter choices
We will do dumb things. However, we are not doomed to live in denial or keep trying to justify our actions. We can choose to correct our tendencies when we recognise them.
We can break the self-justification habit by reflecting on our behaviour and the reasons for our behaviour. Resisting ...
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425 reads
Avoiding reality by denying it
Denial happens when we have a serious thought about reality but decide to ignore it. For example, discovering a dark spot on your skin that you want to ignore. Later, it becomes darker, and eventually, you may visit the doctor. Some denial may serve as a buffer to absorb the ...
106
595 reads
Our self-esteem and human misjudgment
Our self-esteem is vital for personal well-being and happiness. People with higher self-esteem are more satisfied with their lives.
But sometimes, life doesn't give us any reasons for self-love. We get fired, or a relationship ends. Under the influence of bias from self-interest, ...
131
1.81K reads
Rationalising our choice
We go to great lengths to preserve our self-image, even when we engage in behaviours that are inconsistent with our inner self-image. We may use phrases such as "not telling the truth is not lying", "I didn't have the time" to justify our actions.
The drive to save face is...
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511 reads
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"I think the next best thing to solving a problem is finding some humor in it." -Frank Howard Clark
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