CHARLIE MUNGER
444
4.75K reads
CURATED FROM
IDEAS CURATED BY
The idea is part of this collection:
Learn more about personaldevelopment with this collection
Understanding the importance of decision-making
Identifying biases that affect decision-making
Analyzing the potential outcomes of a decision
Related collections
Similar ideas
Something concrete we can change
We should stop trying to adjust people to circumstances that are not worth being adjusted to. If people suffer from stress in an organization, try to look at how work is organized and change it, instead of referring them to something like stress coaching, or psychotherapies or mi...
Stupidity Law #1
Always and inevitably everyone underestimates the number of stupid individuals in circulation.
No matter how many idiots you suspect yourself surrounded by, Cipolla wrote, you are invariably lowballing the total. This problem is compounded by biased assumptions that certai...
Long-term thinking
Long-term thinking is more challenging than most people imagine. It is then also more lucrative than many people think.
The long run consists of a collection of short runs that you have to put up with: recessions, bear markets, meltdowns and surprises. Ins...
Read & Learn
20x Faster
without
deepstash
with
deepstash
with
deepstash
Personalized microlearning
—
100+ Learning Journeys
—
Access to 200,000+ ideas
—
Access to the mobile app
—
Unlimited idea saving
—
—
Unlimited history
—
—
Unlimited listening to ideas
—
—
Downloading & offline access
—
—
Supercharge your mind with one idea per day
Enter your email and spend 1 minute every day to learn something new.
I agree to receive email updates