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	<title>Isegoria &#187; Charles Munger</title>
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	<description>From the ancient Greek for equality in freedom of speech; an eclectic mix of thoughts, large and small</description>
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		<title>The Psychology of Entrepreneurial Misjudgment, part 1: Biases 1-6</title>
		<link>https://www.isegoria.net/2008/03/the-psychology-of-entrepreneurial-misjudgment-part-1-biases-1-6/</link>
		<comments>https://www.isegoria.net/2008/03/the-psychology-of-entrepreneurial-misjudgment-part-1-biases-1-6/#comments</comments>
		<pubDate>Sat, 29 Mar 2008 20:01:00 +0000</pubDate>
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				<category><![CDATA[Business]]></category>
		<category><![CDATA[Charles Munger]]></category>

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		<description><![CDATA[If I weren&#8217;t already a fan of Charles Munger, then Marc Andreessen&#8217;s recent post on The Psychology of Entrepreneurial Misjudgment might make a fan out of me. &#8220;The Psychology of Entrepreneurial Misjudgment&#8221; is the name of Munger&#8217;s magnum opus speech, included in Poor Charlie&#8217;s Almanack, a book inspired by Ben Franklin&#8217;s Poor Richard&#8217;s Almanack and [&#8230;]]]></description>
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		<title>Charles Munger on Niederhoffering the Curriculum</title>
		<link>https://www.isegoria.net/2008/01/charles-munger-on-niederhoffering-the-curriculum/</link>
		<comments>https://www.isegoria.net/2008/01/charles-munger-on-niederhoffering-the-curriculum/#comments</comments>
		<pubDate>Sun, 06 Jan 2008 21:11:00 +0000</pubDate>
		<dc:creator>Isegoria</dc:creator>
				<category><![CDATA[Charles Munger]]></category>
		<category><![CDATA[Economics]]></category>
		<category><![CDATA[Education]]></category>

		<guid isPermaLink="false">http://isegoria.net/isegoria/?p=1760</guid>
		<description><![CDATA[I&#8217;ve already mentioned that Berkshire Hathaway&#8217;s Charles Munger gave a speech at UCSB in 2003 that was chock-full of thought-provoking bits &#8212; like this bit on Niederhoffering the curriculum: There was a wonderful example of gaming a human system in the career of Victor Niederhoffer in the Economics Department of Harvard. Victor Niederhoffer was the [&#8230;]]]></description>
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		<title>Charles Munger on Workman&#8217;s Comp and Bad Incentives</title>
		<link>https://www.isegoria.net/2008/01/charles-munger-on-workmans-comp-and-bad-incentives/</link>
		<comments>https://www.isegoria.net/2008/01/charles-munger-on-workmans-comp-and-bad-incentives/#comments</comments>
		<pubDate>Sat, 05 Jan 2008 21:19:00 +0000</pubDate>
		<dc:creator>Isegoria</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Charles Munger]]></category>
		<category><![CDATA[Economics]]></category>
		<category><![CDATA[Policy]]></category>

		<guid isPermaLink="false">http://isegoria.net/isegoria/?p=1758</guid>
		<description><![CDATA[I&#8217;ve already mentioned that Berkshire Hathaway&#8217;s Charles Munger gave a speech at UCSB in 2003 that was chock-full of thought-provoking bits &#8212; like this bit on workman&#8217;s comp madness: Anyway, as the Medicare example showed, all human systems are gamed, for reasons rooted deeply in psychology, and great skill is displayed in the gaming because [&#8230;]]]></description>
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		<title>Charles Munger and Predicting Policy Costs</title>
		<link>https://www.isegoria.net/2007/12/charles-munger-and-predicting-policy-costs/</link>
		<comments>https://www.isegoria.net/2007/12/charles-munger-and-predicting-policy-costs/#comments</comments>
		<pubDate>Thu, 06 Dec 2007 23:43:00 +0000</pubDate>
		<dc:creator>Isegoria</dc:creator>
				<category><![CDATA[Charles Munger]]></category>
		<category><![CDATA[Economics]]></category>
		<category><![CDATA[Policy]]></category>

		<guid isPermaLink="false">http://isegoria.net/isegoria/?p=1662</guid>
		<description><![CDATA[I&#8217;ve already mentioned that Berkshire Hathaway&#8217;s Charles Munger gave a speech at UCSB in 2003 that was chock-full of thought-provoking bits &#8212; like this bit on predicting the cost of Medicare: Extreme economic ignorance was displayed when various experts, including Ph D. economists, forecast the cost of the original Medicare law. They did simple extrapolations [&#8230;]]]></description>
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		<title>Charles Munger and Predicting Policy Costs</title>
		<link>https://www.isegoria.net/2007/12/charles-munger-and-predicting-policy-costs-2/</link>
		<comments>https://www.isegoria.net/2007/12/charles-munger-and-predicting-policy-costs-2/#comments</comments>
		<pubDate>Thu, 06 Dec 2007 23:43:00 +0000</pubDate>
		<dc:creator>Isegoria</dc:creator>
				<category><![CDATA[Charles Munger]]></category>
		<category><![CDATA[Economics]]></category>
		<category><![CDATA[Policy]]></category>

		<guid isPermaLink="false">http://www.isegoria.net/2007/12/charles-munger-and-predicting-policy-costs-2/</guid>
		<description><![CDATA[I&#8217;ve already mentioned that Berkshire Hathaway&#8217;s Charles Munger gave a speech at UCSB in 2003 that was chock-full of thought-provoking bits &#8212; like this bit on predicting the cost of Medicare: Extreme economic ignorance was displayed when various experts, including Ph D. economists, forecast the cost of the original Medicare law. They did simple extrapolations [&#8230;]]]></description>
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		<title>Charles Munger and His Amusing But Aprocryphal Planck Anecdote</title>
		<link>https://www.isegoria.net/2007/12/charles-munger-and-his-amusing-but-aprocryphal-planck-anecdote/</link>
		<comments>https://www.isegoria.net/2007/12/charles-munger-and-his-amusing-but-aprocryphal-planck-anecdote/#comments</comments>
		<pubDate>Tue, 04 Dec 2007 14:36:00 +0000</pubDate>
		<dc:creator>Isegoria</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Charles Munger]]></category>
		<category><![CDATA[Economics]]></category>
		<category><![CDATA[Science]]></category>

		<guid isPermaLink="false">http://isegoria.net/isegoria/?p=1640</guid>
		<description><![CDATA[I&#8217;ve already mentioned that Berkshire Hathaway&#8217;s Charles Munger gave a speech at UCSB in 2003 that was chock-full of thought-provoking bits. Here&#8217;s an amusing but apocryphal story about Max Planck, the famous physicist: After he won his prize, he was invited to lecture everywhere, and he had this chauffeur that drove him around to give [&#8230;]]]></description>
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		<title>Charles Munger and His Amusing But Aprocryphal Planck Anecdote</title>
		<link>https://www.isegoria.net/2007/12/charles-munger-and-his-amusing-but-aprocryphal-planck-anecdote-2/</link>
		<comments>https://www.isegoria.net/2007/12/charles-munger-and-his-amusing-but-aprocryphal-planck-anecdote-2/#comments</comments>
		<pubDate>Tue, 04 Dec 2007 14:36:00 +0000</pubDate>
		<dc:creator>Isegoria</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Charles Munger]]></category>
		<category><![CDATA[Economics]]></category>
		<category><![CDATA[Science]]></category>

		<guid isPermaLink="false">http://www.isegoria.net/2007/12/charles-munger-and-his-amusing-but-aprocryphal-planck-anecdote-2/</guid>
		<description><![CDATA[I&#8217;ve already mentioned that Berkshire Hathaway&#8217;s Charles Munger gave a speech at UCSB in 2003 that was chock-full of thought-provoking bits. Here&#8217;s an amusing but apocryphal story about Max Planck, the famous physicist: After he won his prize, he was invited to lecture everywhere, and he had this chauffeur that drove him around to give [&#8230;]]]></description>
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		<title>Charles Munger on Side-Stepping the Gangs, Pimps, and Dope-Dealers</title>
		<link>https://www.isegoria.net/2007/12/charles-munger-on-side-stepping-the-gangs-pimps-and-dope-dealers/</link>
		<comments>https://www.isegoria.net/2007/12/charles-munger-on-side-stepping-the-gangs-pimps-and-dope-dealers/#comments</comments>
		<pubDate>Mon, 03 Dec 2007 16:11:00 +0000</pubDate>
		<dc:creator>Isegoria</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Charles Munger]]></category>
		<category><![CDATA[Economics]]></category>
		<category><![CDATA[Urbanism]]></category>

		<guid isPermaLink="false">http://isegoria.net/isegoria/?p=1631</guid>
		<description><![CDATA[I&#8217;ve already mentioned that Berkshire Hathaway&#8217;s Charles Munger gave a speech at UCSB in 2003 that was chock-full of thought-provoking bits. Here&#8217;s another such bit: Berkshire had this former savings and loan company, and it had made this loan on a hotel right opposite the Hollywood Park Racetrack. In due time the neighborhood changed and [&#8230;]]]></description>
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		<title>Charles Munger on Increasing Price to Increase Sales</title>
		<link>https://www.isegoria.net/2007/11/charles-munger-on-increasing-price-to-increase-sales/</link>
		<comments>https://www.isegoria.net/2007/11/charles-munger-on-increasing-price-to-increase-sales/#comments</comments>
		<pubDate>Fri, 30 Nov 2007 16:36:00 +0000</pubDate>
		<dc:creator>Isegoria</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Charles Munger]]></category>
		<category><![CDATA[Economics]]></category>
		<category><![CDATA[Education]]></category>

		<guid isPermaLink="false">http://isegoria.net/isegoria/?p=1618</guid>
		<description><![CDATA[Berkshire Hathaway&#8217;s Charles Munger gave a speech at UCSB in 2003 that was chock-full of thought-provoking bits, like this: My fifth criticism is there is too little synthesis in economics. Not only with matter outside traditional economics, but also within economics. I have posed at two different business schools the following problem. I say, “You [&#8230;]]]></description>
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