Charlie Munger on Bias from Chemical Dependency. | Harvard University 1995【C:C.M Ep.82】
[Transcript]
CHARLIE MUNGER: Bias from chemical dependency. Well, we don’t have to talk about that. We’ve all seen so much of it, but it’s interesting how it always causes moral breakdown if there’s any need, and it always involves massive denial. It aggravates what we talked about earlier in the aviator case, the tendency to distort reality so that it’s endurable.
