25 Cognitive Biases
Bias 12 – Excessive Self-Regard Tendency
12
Mar
Mar
We all think we’re above average. This is where overconfidence comes from. Munger says the greatest type of pride should be taking pride in being trustworthy to avoid developing an ego.
This is the sickness of dictators…
Take for example Ronda Rousy vs Holly Holmes.
Rousy was the best female ufc fighter at the time and because of her OVER OVER OVER confidence and ego, she got knocked the F*** out!
Like Munger says ” the greatest type of pride should be taking pride in being trustworthy to avoid developing an ego” .