Charlie Munger On The Problem of Economics, How He Thinks, and What Should Investors Do


Incentive, Mental Models, Psychology, Second Order Effect

Charlie Munger’s speech “Academic Economics: Strengths and Faults After Considering Interdisciplinary Needs” at Herb Kay Undergraduate Lecture in 2003 gives me insights into how he thinks and what investors should learn.  Fatal unconnectedness, leading to ‘man with a hammer syndrome,’ often causing overweighting what can be counted Munger’s first objection to economics is that it […]

June 1, 2020