Warren Buffett: How To Avoid Confirmation Bias In Investing

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Warren Buffett: How To Avoid Confirmation Bias In Investing
Warren buffett insists that having a rational business partner can be a great mechanism in avoiding confirmation bias.
He also talks about derivatives at 05:30 and the problems associated with derivative accounting
#Buffett #Behavioral_Finance
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During meetings about major decisions, CEOs should designate someone to play the role of Devil's Advocate.

JT-trcz
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Needless to say, Munger wouldn't last a day as a "right-hand man" to any other CEO!

JeffLaRochelle