Illusion of Control

Illusion of Control

In our daily lives, we often fall victim to the illusion of control, believing that our actions significantly impact events beyond our influence. However, humorous anecdotes, psychological experiments, and real-world examples shed light on the fallacy of this...
Chauffeur Knowledge

Chauffeur Knowledge

The story of Max Planck and his knowledgeable chauffeur poignantly reminds us of the distinction between real knowledge and what Charlie Munger calls “chauffeur knowledge.” News anchors often fall into the latter category when it is increasingly...
Overconfidence Effect

Overconfidence Effect

Johann Sebastian Bach, the maestro of the Baroque era, was no fleeting phenomenon. His oeuvre was vast, a testament to his prodigious talent and unwavering dedication. To appreciate the scope of his genius, consider this: how many concertos do you think Bach composed?...
Reciprocity

Reciprocity

Not so long ago, as you navigated the bustling terminals of an airport or the hurried ambiance of a train station, you might have encountered the disciples of the Hare Krishna sect. Dressed in their iconic saffron-colored robes, they proffered small flowers...