Human Misjudgments

Great blog entry summarizing Charlie Munger's (Warren Buffet's right hand man) speech "The Psychology of Human Misjudgment." The first two points are the most interesting: (1) people underestimate the power of incentives and (2) people like being liked which leads to bad decisions. I also like the brief take on curiosity, although i don't know why that is a negative.

Click Here for the blog entry.