3 habits that are important for making great business dealsBerkshire Hathaway's Charlie Munger has amassed quite a lot of advice over the years. A similarity he also shares with fellow business partner, Warren Buffett.
Here are three tendencies that Munger tries to avoid while making business and career decisions.
1. BIAS FROM ENVY AND JEALOUSY ... as Munger has heard Buffett say on multiple occasions, "It's not greed that drives the world, but envy."
2. ACCEPTING DELUSIONAL BELIEFS ... while everyone does it to some extent, Munger says "It's a common psychological misjudgment that causes terrible problems."
3. MAKING CLOSED MINDED JUDGMENTS ABOUT PEOPLE .. Munger argues that instead of sticking to what is familiar or what he calls "Liking distortion" - he challenges professionals to keep an open mind to someone they dislike.
The bottom line .. Munger recommends to avoid these 3 tendencies in business and career decisions.
LEADMAN: The Dave Mackey Story - Very Inspiring Running Story - 😃 THANKS FOR WATCHING 👍
LEADMAN: The Dave Mackey Story - Very Inspiring Running Story - 😃 THANKS FOR WATCHING 👍 VERY, VERY INSPIRING RUNNI...
Heavy As Lead: From 300lbs to Running the Leadville 100 Miles - 😃 THANKS FOR WATCHING 👍
Heavy As Lead: From 300lbs to Running the Leadville 100 Miles - 😃 THANKS FOR WATCHING 👍 VERY INSPIRING RUNNING DOC...
CHASING POUNAMU - Running Tarawera 100 mile ultra-marathon from the back - 😃 THANKS FOR WATCHING 👍
CHASING POUNAMU, an inspirational authentic story that follows a back of the pack runner, as he runs for redemption a...
The Game Changers Movie - Debunking Protein Myths
The Game Changers Movie - debunking Protein Myths Executive produced by James Cameron, Arnold Schwarzenegger and Jack...
Breaking2 Project - Documentary
Breaking2 Project - Documentary We believe barriers are meant to be broken—even one as crazy as running a marathon un...
Why do we run 100 miles? Documentary
Why do we run 100 miles? Documentary Why do we run 100 miles? It's a question I get from friends and acquaintances qu...
Showing Up - documentary
SHOWING UPThe documentary film will take you in-depth into the lives of 8 athletes who collectively tell the story of...
FOUND ON 49 THE STORY OF JIM WALMSLEY
FOUND ON 49 THE STORY OF JIM WALMSLEY FOUND ON 49 THE STORY OF JIM WALMSLEYThe story of Jim Walmsley's first 100 mi...
FROM FAILURE TO SUCCESS Most Incredible Story by Rich Roll
FROM FAILURE TO SUCCESS Most Incredible Story by Rich Roll FOR THE FULL INTERVIEW: http://youtube.com/TomBilyeuGET...
Chasing Ten Ironman Triathlon Documentary
Chasing Ten Ironman Triathlon Documentary Triathlon is a sport that requires endurance and dedication in order to su...