{"id":6,"date":"2023-08-30T14:58:59","date_gmt":"2023-08-30T18:58:59","guid":{"rendered":"https:\/\/fallaciesoflogic.com\/?p=6"},"modified":"2023-09-07T11:49:27","modified_gmt":"2023-09-07T15:49:27","slug":"psychology-of-human-misjudgment","status":"publish","type":"post","link":"https:\/\/fallaciesoflogic.com\/de\/psychology-of-human-misjudgment\/","title":{"rendered":"The Psychology of Human Misjudgment lecture by Charlie Munger"},"content":{"rendered":"\r\n\r\n\r\n

Charlie Munger \u2014 the billionaire investor and a business partner of Warren Buffett \u2014 gave a speech titled \u201cThe Psychology of Human Misjudgment\u201d at Harvard University in June 1995. In it, he talks about the many cognitive hurdles that cause people to make poor judgments in investing, business, and life.<\/p>\r\n\r\n\r\n\r\n

Since then, the speech has gained a large audience among investors and psychology enthusiasts and has brought Munger many devout fans.<\/p>\r\n

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Here\u2019s a full transcript of the speech, sorted under appropriate subheads in order to make it more navigable.<\/p>\r\n

Estimated reading time<\/strong>: 52 mins (~10,500 words)<\/p>\r\n

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Table of Contents<\/p>\nToggle<\/span><\/path><\/svg><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n