Dear readers,
here is a great read on the psychology of human misjudgement bu Charlie Munger and it also explains to me why there are such irrationalities in the stock market. Ben Graham talks about Mr Market being a manic depressive. Charlie Munger has gone one step further by breaking it down for us almost scientifically by explaning the different biases that we as humans have.
Enjoy!
http://vinvesting.com/docs/munger/human_misjudgement.html
Best regards,
Lucas
Monday, September 08, 2008
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