芒格论人类误判心理（Munger on human psychological misjudgment）.doc

芒格论人类误判心理（Munger on human psychological misjudgment） Buffy the big sons eyes: my father is all I know second smartest people , who is No.1? Charlie Munger. Buffetts partner, assistant psychologist, Charlie As Buffetts partner, lawyer Charlie Munger is a relatively hidden, but for Berkshire Hathaway, more pedantic Munger is equally important. The research direction of Munger is extremely broad, but not boundless, as many great investors need a lot of researchers with implicit knowledge about probability theory, physics, behavioral economics as its (Tacit Knowledge). Mungers open, let the value of Buffetts investment in the field has been more profound release. Buffett also admitted: Charlie pushed me in another direction, not like Graham who suggested buying cheap goods. Thats the power of his thinking. He expanded my horizons.. I evolved from an orangutan to humans at an unusual rate, otherwise I would be much poorer than it is now. Mungers famous quote: I want to know where I will die, then Ill not go there. He carefully avoids potential pitfalls and then looks for the best solution. He who knows the mind and knows the subtleties of it will not lose the golden opportunity. Zhao Gaoshan was in the hearts of the people, destroyed the eternal Emperor Qin Shihuang iron Jiangshan; Hu Xueyan good at figuring out the people, get the special gift red nails and yellow jacket is also in business, this business in the history of our country are rare. Capital markets are naturally the biggest fight in the world. Here, out of the heart, the most exciting weakness is wisdom. In the ups and Chinese A stock market ups and downs today, Mr. Mungers speech seems timeless: when all investors explain all the non rational behavior in the capital market to fear and greed, find a more open and more extensive interpretation of the behavior of the framework, will undoubtedly help all people to look at themselves and the market itself. The following are excerpts from Charlie Mungers speech a