Poor Charlie’s Almanack: The Essential Wit and Wisdom of Charles T. Munger

by Charles T. Munger

Here are the tendencies: Reward- and punishment-superresponse tendency Liking / loving tendency Disliking / hating tendency Doubt-avoidance tendency Inconsistency-avoidance tendency Curiosity tendency Kantian fairness tendency Envy / jealousy tendency Reciprocation tendency Influence-from-mere-association tendency Simple, pain-avoiding psychological denial Excessive self-regard tendency Overoptimism tendency Deprival-superreaction tendency Social-proof tendency Contrast-misreaction tendency Stress-influence tendency Availability-misweighing tendency Use-it-or-lose-it tendency Drug-misinfluence tendency Senescence-misinfluence tendency Authority-misinfluence tendency Twaddle tendency Reason-respecting tendency Lollapalooza tendency—the tendency to get extreme consequences from confluences of psychological tendencies acting in favor of a particular outcome