charles t. munger

charles t. munger

The Psychology of Human Misjudgment by Charles T. Munger

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Charles T. Munger is the vice-chairman of Berkshire Hathaway. He gave three separate talks ranging from about 20 to 23 years ago. These were combined into this talk (that was never made) about 25 different biases that actually are the cause of most bad decisions...

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Why Aren’t There More American Day Laborers, Doctors, Engineers and Textile Workers?

By on Apr 19,2023

In this article Harrison explains the economic rule which says - your rewards will be in direct proportion to the value you provide. In your career if you are not providing enough value, the rule will catch up with you sooner or later. In contrast, if you are providing more value than you receive you will probably have a very good career. Companies that provide more value than they receive for their products generally end up flourishing. Companies that provide very little value generally end up going out of business. The law of economics that is always operating in the background is that you always need to give more than you take and be prepared to give.

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