i just went through most of the linked munger transcription and i have a couple thoughts.
he doesn’t say (or maybe i missed, i’ll be going back to reread it) anything about judgement. he gives a laundry list of psychological ticks and after reading them, recognizing them and trying to stop them, you can end up in a mental paralysis where everything causes pause. at the end of the day, you have to make decisions and that requires judgement, judgement that comes from knowledge. the ticks themselves are insights, knowledge that can help in preventing manipulations, but don’t in themselves give you anything else.
maybe that’s self evident, but i think it’s important enough to note… i read the thing, i’m impervious to salesmen, what now? i still need to buy a car. well… more learning. learning, learning, and more learning.
as for the jeeman, who posted the link and is apparently doing a presentation on it… i’m sure you know that munger’s attitude towards psychological manipulation is derogatory. as well, you may want to reconsider your use of biased language and attitude, particularly when posting a link to a lecture that specifically warns against such.
not meaning to be rude, i certainly appreciated your enlightening posts on how bonds work. but the irony can’t be ignored…
