Charlie Munger "Being able to recognize when you’re wrong is a godsend." | [C:C.M Ep.7]
Blog Link: https://www.yapss.com/post/collection-charlie-munger-7-it-s-hard-to-be-rational
In this episode, Charlie Munger was asked on how he use disconfirming evidence to change some of his important determinedly held beliefs?
In this episode, you’ll learn:
- Why being able to recognize when you are wrong is important?
- Why you should reexamining your previous thought when disconfirming evidence comes through?
#CharlieMunger #DailyJournal
[Transcript]
AUDIENCE MEMBER 00:07
Charlie, thank you very much for having us today and sharing your wisdom and your beliefs.
I was hoping that you might share with us some examples of how you use disconfirming evidence to change some of your important, determinedly held beliefs.
CHARLIE MUNGER 00:22
Well, of course being able to recognize when you’re wrong is a godsend. If you take —
A good bit of the Munger fortune came from liquidating things we originally purchased because we were wrong. Of course you have to learn to change your mind when you’re wrong.
And I actually work at trying to discard beliefs. And most people just try and cherish whatever idiotic notion they already have because they think it’s their notion that must be good. I think, of course you must be reexamining what you previously thought particularly when disconfirming evidence comes through.
And there’s hardly anything more important than being rational or objective. Just think of all the dumb things you can do in life.
Think of the brilliant people who are just utterly brilliant who do some of the dumbest things. You won’t have any trouble thinking of examples.
In fact, most of us can think of our own accident the last year or two and we can all pull up an example or two. It’s hard to be rational.
Видео Charlie Munger "Being able to recognize when you’re wrong is a godsend." | [C:C.M Ep.7] канала YAPSS
In this episode, Charlie Munger was asked on how he use disconfirming evidence to change some of his important determinedly held beliefs?
In this episode, you’ll learn:
- Why being able to recognize when you are wrong is important?
- Why you should reexamining your previous thought when disconfirming evidence comes through?
#CharlieMunger #DailyJournal
[Transcript]
AUDIENCE MEMBER 00:07
Charlie, thank you very much for having us today and sharing your wisdom and your beliefs.
I was hoping that you might share with us some examples of how you use disconfirming evidence to change some of your important, determinedly held beliefs.
CHARLIE MUNGER 00:22
Well, of course being able to recognize when you’re wrong is a godsend. If you take —
A good bit of the Munger fortune came from liquidating things we originally purchased because we were wrong. Of course you have to learn to change your mind when you’re wrong.
And I actually work at trying to discard beliefs. And most people just try and cherish whatever idiotic notion they already have because they think it’s their notion that must be good. I think, of course you must be reexamining what you previously thought particularly when disconfirming evidence comes through.
And there’s hardly anything more important than being rational or objective. Just think of all the dumb things you can do in life.
Think of the brilliant people who are just utterly brilliant who do some of the dumbest things. You won’t have any trouble thinking of examples.
In fact, most of us can think of our own accident the last year or two and we can all pull up an example or two. It’s hard to be rational.
Видео Charlie Munger "Being able to recognize when you’re wrong is a godsend." | [C:C.M Ep.7] канала YAPSS
Показать
Комментарии отсутствуют
Информация о видео
Другие видео канала
Charlie Munger on How honesty leads to a better life and wealth? | [C:C.M Ep.33]Charlie Munger on Delayed Gratification vs. Instant Gratification. | [C:C.M Ep.25]Charlie Munger's investment philosophy. | [C:C.M Ep.17]Charlie Munger on why index funds perform better than active stock picking? | [C:C.M Ep.29]Charlie Munger on Tesla and Elon Musk. | [C:C.M Ep.8]Warren Buffett & Charlie Munger disagree about the future of America (2005)Charlie Munger on China and Japan. | [C:C.M Ep.6]Charlie Munger on Electric Vehicles. | [C:C.M Ep.13]How to identify an honest person? Warren Buffett [C:W.B Ep.115]Charlie Munger on Mistakes to Avoid in Life. | [C:C.M Ep.34]Warren Buffett on Why Investing with Small Sums can have Bigger Returns. | [C:W.B Ep.122]Charlie Munger: 100 Years of Wisdom Summed up in 20 MinutesCharlie Munger on What is Rationality? | [C:C.M Ep.23]How Charlie Munger use Inversion Thinking Process in life. | [C:C.M Ep.16]Why Charlie Munger wants to reread a poem after 80 years. | [C:C.M Ep.12]Charlie Munger advice to young people. | [C:C.M Ep.21]Charlie Munger on what is the best attitude in life? [C:C.M Ep.3]SKILLS Every Aspiring INVESTOR Needs to MASTER! | Charlie Munger | Top 10 RulesCharlie Munger: Value Investment. [C:C.M Ep.1]