Collection: Charlie Munger - #82 'Bias From Chemical Dependency'


Video Link: https://youtu.be/2PQcre9V_UU


In this episode, Charlie Munger shared the thirteenth causes of human misjudgment, bias from chemical dependency.


In this episode, you’ll learn:

  • What is bias from chemical dependency?

To check out all Collection: Charlie Munger <click here>

[Transcript]

CHARLIE MUNGER 00:08

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.

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