Over on (co-founder of Netscape) Marc Andreessen's blog.pmarca.com there's a great post called 'The Psychology of Entrepreneurial Misjudgement' based on the wit and wisdom of Warren Buffet's longtime business partner and Vice President of Berkshire Hathaway, Charlie Munger. Mr. Munger's insights are legendary and a compilation book of his business insights "Poor Charlie's Almanack" reveals some useful stuff whether you are a venture capitalist or sole proprietor.
"Mr. Munger's magnum opus speech, included in the book, is The Psychology of Human Misjudgement--an exposition of 25 key forms of human behaviour that lead to misjudgement and error, derived from Mr Munger's 60 years of business experience. Think of it as a practitioner's summary of human psychology and behavioural economics as observed in the real world."
In this first post, Andreessen goes through biases 1 to 6. Stay tuned for the other installments.
No comments:
Post a Comment