Charlie Munger On Avoiding Anchoring Bias

A recent update on an old idea by Charlie Munger with an emphasis on anchoring bias Charlie Munger’s famous speech “The Psychology of Human Misjudgment” is thought to be one of the billionaire’s most intelligent and thought-provoking speeches on human psychology. For investors, the lessons in the speech are invaluable, and it is highly recommended reading for everyone who wants to succeed in the market. Human Misjudgment is one of Munger’s best speeches, but it’s not the only informative speech on the topic of investing psychology. Danny Kahneman’s book Thinking, Fast & Slow is a highly acclaimed book on the…