Munger @ Daily Journal AGM: Part 2

For the first part of this article, see Munger @ Daily Journal AGM: Part 1 How to really put psychology to work What prevents the wide use of helpful psychological insight is the fact that psychology gets really useful when you integrate it with all other knowledge. But they don't teach that in the psychology department because the academic system rewards little experiments that develop more insight into psychological tendencies instead of synthesising what's already been discovered with the rest of knowledge. The psychology professors don't know all that much about the rest of knowledge and they have no incentive to master it. If you don't have to master the rest of the knowledge, you can't synthesise it with psychology. That's an interesting example of self-learning. When I saw that psychology was necessary and I didn't have it, I didn't just learn the little tendencies well enough to get A's in psychology. I learned those tendencies well enough to synthesise them with the rest of knowledge. And that's the right way to do it. But show me a psychology department that knows how to do that. It's one of the most ignorant professions in the world. How to be a better thinker Well, I do have a tip. At times in my life, I h

This article was originally published on May 26, 2021.