EPISODE · Sep 8, 2022 · 17 MIN
#97 The (Not So) Important Things About Life
from General Fitness Companycast · host Jerry Washington
Today, I discussed two cognitive biases that prevent us from succeeding in life. Holding on to things because we're scared of losing them (aka loss aversion) and spending time on something even though it's not giving us value anymore (aka the sunk cost fallacy). These are two of 25 cognitive biases created by Charlie Munger, Warren Buffet's business partner. If you want to see all 25, check them out here.
What this episode covers
Today, I discussed two cognitive biases that prevent us from succeeding in life. Holding on to things because we're scared of losing them (aka loss aversion) and spending time on something even though it's not giving us value anymore (aka the sunk cost fallacy). These are two of 25 cognitive biases created by Charlie Munger, Warren Buffet's business partner. If you want to see all 25, check them out here.
NOW PLAYING
#97 The (Not So) Important Things About Life
No transcript for this episode yet
Similar Episodes
Feb 1, 2024 ·25m
Dec 1, 2023 ·18m
Nov 22, 2023 ·19m
Nov 15, 2023 ·21m
Nov 8, 2023 ·19m
Oct 11, 2023 ·17m