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Charlie Munger’s 22 Cognitive Biases [Pt. 1]

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Rupert Hargreaves
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Charlie Munger's speech he gave to Harvard Law School students in June 1995, is perhaps the most famous of all his lectures. Munger's speech focused on the psychology of human misjudgement and has since become known as 'Charlie Munger on The Psychology of Human Judgement'.

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In the lecture, the billionaire's speaker outlined the 22 cognitive biases that he believes influence and drive human misjudgment and behavioral economics -- which in itself is a vital topic to understand for investors who want to make the most of Mr. Market's erratic mindset.

Charlie Munger

Over the next four articles, I'm going to outline these biases...

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Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for Hedge Fund Alpha