In 1995, Charlie Munger gave a talk at Harvard University which was titled the “Psychology of Human Misjudgment”. In that talk Munger went on to explain 24 different cognitive biases and how they force us to take poor decisions. We shall examine 7 of those biases in this video with some examples and more importantly, we shall look at some steps that one can take to avoid or at-least minimize their impact. Source: ET Money. Download the app here.
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