Psychology of Intelligence Analysis, Behavioral Finance and the CIA

Taken Oct. & Nov. 2012 by Kyle Mowery, Founder of GrizzlyRock Capital, notes from The Psychology of Intelligence Analysis by Richards Heuer, Jr. Chapter 1: “Thinking About Thinking” Thinking analytically is a skill learned via doing (page 2) Some of the CIA’s best analysts leaned through failures early in their careers (page 2) The concept of bounded rationality means that we create simplified mental models, which are inherently more simple than reality (page 3) “Intelligence analysts must understand themselves before they can understand others.” (page 4) Problems can occur in individuals working alone, in small groups, and large organization. Heuer is focusing…