Behavioral Economics

Charlie Munger on "Incentive-Caused Bias" and Its Harm to Corporate Decision-Making Charlie Munger regarded "Incentive-Caused Bias" as one of the most powerful and dangerous cognitive biases humans po...

Of course, and understanding the "herd mentality" and financial crises from an ethological perspective will be much more intuitive than looking at a bunch of complex economic charts.

Here is the translation: No problem, this is a fascinating topic. Benjamin Graham is essentially the father of value investing. What's remarkable is that decades before the term "behavioral finance" b...

Under Charlie Munger's psychological framework, the "Social-Proof Tendency" is one of the key biases leading to irrational behavior and poor decision-making.

Why Is It Advised for Ordinary Investors Not to Check Market Conditions Frequently? Frequent monitoring of market conditions may negatively impact the decision-making of ordinary investors, particular...

The Story Behind Munger's Famous Quote Hey, that's an interesting question! I love digging into Charlie Munger’s wisdom too. His quote, "Show me the incentive, and I’ll show you the outcome," essentia...

What Are Munger's Predictions on Psychological Barriers to AI-Assisted Investing? Hey there! I'm a huge fan of Munger and love studying his investment philosophy and perspectives on behavioral psychol...

Corporate Corruption Through Charlie Munger's Lens: The Psychological "Tricks" Behind It Hey, I’ve always been fascinated by Charlie Munger’s ideas.

How Does Charlie Munger Judge Market Timing Based on "Greed and Fear"? Charlie Munger's approach to judging market timing through "greed and fear" does not rely on complex technical indicators or prec...

Charlie Munger's View on Emotion-Driven Stock Market Predictions Charlie Munger holds an attitude of utter contempt and complete dismissal towards emotion-driven stock market predictions.

The core reason why Charlie Munger repeatedly emphasizes avoiding extreme emotions is that extreme emotions are the archenemy of rationality. They directly trigger and amplify various cognitive biases...

How Does Charlie Munger Respond to Market Panic and Collective Emotion? Charlie Munger views market panic and collective irrationality as opportunities, not disasters.

Let's talk about an interesting phenomenon first. Why are limited edition sneakers, rare stamps, or paintings by famous artists so expensive? Their use value might not be high; the shoes might not be ...

You've hit the nail on the head with that question. When it comes to financial crises, if you peel back the layers of complex financial products and piles of reports, what you'll find underneath is ra...

Okay, this is a very interesting question, and it's particularly relevant to our daily lives. Let me share my thoughts, trying to explain it in simple terms.

Here is the translated content in English, maintaining the original markdown format: Ha, this question hits the nail on the head! Graham's The Intelligent Investor is practically the Bible for avoidin...

Hey there, friend, that’s an excellent question you've asked—one that really hits on one of the core secrets in the world of investing. Many people assume that making money in the stock market require...

Bro, you've hit the nail on the head. This is practically one of the ultimate questions every investor encounters. The market's "overreaction," to put it simply, is the concentrated manifestation of c...

Okay, friend, let's talk about this down-to-earth topic – how to manage yourself when investing and not get swept up in the crowd frenzy. This is easier said than done.

Okay, let's discuss this topic. Who Is the Investor's Greatest Enemy? You might think it's the volatile market, cunning institutions, or sudden "black swan" events.