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Book Review: Why Smart People Make Big Money Mistakes and How to Correct Them

Rating: Decent Background: One of the books on psychological pitfalls that I've been meaning to read. Charlie Munger has written some good stuff on psychological traps and also introduced me to some excellent material by Robert Cialdini. Key pitfalls highlighted in the book: Assigning different value to money due to "mental compartmentalization". For example, viewing money … Continue reading

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