The Psychology of Human Misjudgement by Charlie Munger – Expanded This is from Charlie Munger’s famous speech, “The psychology of human misjudgement”. In it he talks about 23 Standard Causes of Human Misjudgment. This is a quick summary. 1. First: Under-recognition of the power of what psychologists call ‘reinforcement’ and economists call ‘incentives.’ 2. My...