Money and Finance
If you've followed up on Charlie Munger's book recommendations, then you'll know Robert Cialdini. Cialdini is most famous for "Influence", and he joins a cavalcade of authors at the big book signing every year in Omaha at the annual Berkshire meeting.
The story behind how he got involved with the Berkshire network is pretty interesting. Munger was so impressed with Influence, that he sent Cialdini a thank you note and a share of Berkshire stock. Subsequently, Cialdini began learning more about how Berkshire operates.
Cialdini's observation captures an important component of the Berkshire approach - “They know that markets are not made up of econometric models. They're made up of people.” And that perspective is at the heart of what behavioral investing is trying to investigate further. The numbers matter obviously, but beyond that human behavior matters at least as much, they matter to market dynamics, company actions, and investor behavior.
- Guy Spier On Why It May Not Be Best To Publicly Discuss Current Ideas...
From Guy's 2013 Annual Letter: In recent years, I’ve found that it works better not to talk publicly about current holdings in the fund. This is not a matter of guarding our secrets to prevent other investors from stealing them. The real issue is...
- An Interview With Robert Cialdini
Link to: The Uses (and Abuses) of InfluenceRobert Cialdini, considered the leading social scientist in the field of influence, was initially drawn to the topic because he saw how easily people could step over an ethical line into manipulation or even...
- Robert Cialdini Interview By Success Magazine
Robert Cialdini has spent his entire career learning and teaching the science of influence. His book Influence: Science and Practice has sold more than 2 million copies and can be found in 26 languages. Cialdini’s immense knowledge of the subject has...
- Netherlands Television Interview With Robert Cialdini
Link to: Interview with Robert Cialdini………………..Related books:InfluenceYes!Related previous posts:Robert Cialdini: How to be persuasive? 7 persuasive & persuasion techniquesInfluence in the Madoff Case ...
- Investing In What Lies Clearly At Hand
Today is Thomas Carlyle's birthday. Charlie Munger cites his philosophy and its influence on operations at Berkshire Hathaway. From Charlie Munger's comments the Wesco 2004 annual meeting "And there has never been a master plan. Anyone who wanted...
Money and Finance
Markets are made up of people
If you've followed up on Charlie Munger's book recommendations, then you'll know Robert Cialdini. Cialdini is most famous for "Influence", and he joins a cavalcade of authors at the big book signing every year in Omaha at the annual Berkshire meeting.
The story behind how he got involved with the Berkshire network is pretty interesting. Munger was so impressed with Influence, that he sent Cialdini a thank you note and a share of Berkshire stock. Subsequently, Cialdini began learning more about how Berkshire operates.
Cialdini's observation captures an important component of the Berkshire approach - “They know that markets are not made up of econometric models. They're made up of people.” And that perspective is at the heart of what behavioral investing is trying to investigate further. The numbers matter obviously, but beyond that human behavior matters at least as much, they matter to market dynamics, company actions, and investor behavior.
- Guy Spier On Why It May Not Be Best To Publicly Discuss Current Ideas...
From Guy's 2013 Annual Letter: In recent years, I’ve found that it works better not to talk publicly about current holdings in the fund. This is not a matter of guarding our secrets to prevent other investors from stealing them. The real issue is...
- An Interview With Robert Cialdini
Link to: The Uses (and Abuses) of InfluenceRobert Cialdini, considered the leading social scientist in the field of influence, was initially drawn to the topic because he saw how easily people could step over an ethical line into manipulation or even...
- Robert Cialdini Interview By Success Magazine
Robert Cialdini has spent his entire career learning and teaching the science of influence. His book Influence: Science and Practice has sold more than 2 million copies and can be found in 26 languages. Cialdini’s immense knowledge of the subject has...
- Netherlands Television Interview With Robert Cialdini
Link to: Interview with Robert Cialdini………………..Related books:InfluenceYes!Related previous posts:Robert Cialdini: How to be persuasive? 7 persuasive & persuasion techniquesInfluence in the Madoff Case ...
- Investing In What Lies Clearly At Hand
Today is Thomas Carlyle's birthday. Charlie Munger cites his philosophy and its influence on operations at Berkshire Hathaway. From Charlie Munger's comments the Wesco 2004 annual meeting "And there has never been a master plan. Anyone who wanted...