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【C:C.M Ep.82】Charlie Munger: Bias From Chemical Dependency. | Harvard University 1995

 









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https://www.youtube.com/channel/UCpzAAXa2cvyEnfc7rurcCcQ/joinIn this episode, Charlie Munger shared the thirteenth causes of human misjudgment, bias from chemical dependency.


In this episode, you’ll learn:

– What is bias from chemical dependency?

(https://www.yapss.com/post/collection-charlie-munger-82-bias-from-chemical-dependency)


#CharlieMunger #HarvardUniversity


[Transcript]

CHARLIE MUNGER 00:08

Bias from chemical dependency. Well, we don’t have to talk about that. We’ve all seen so much of it, but it’s interesting how it always causes moral breakdown if there’s any need, and it always involves massive denial. It aggravates what we talked about earlier in the aviator case, the tendency to distort reality so that it’s endurable.



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Charlie Munger
Charles Thomas Munger (born January 1, 1924) is an American investor, businessman, former real estate attorney, architectural designer, and philanthropist. He is vice chairman of Berkshire Hathaway, the conglomerate controlled by Warren Buffett; Buffett has described Munger as his partner. Munger served as chairman of Wesco Financial Corporation from 1984 through 2011. He is also chairman of the Daily Journal Corporation, based in Los Angeles, California, and a director of Costco Wholesale Corporation.
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