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Seeking Wisdom

Peter Bevelin

Seeking Wisdom

19min

19min

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Our path to wisdom begins with the brain, with its physiology and its mechanisms in reaction to the experiences to which we are subjected. The 28 biases, or errors of judgement, which all human beings tend to make, can be kept in check by applying our knowledge. In the same way, by acquiring analytical skills and abilities, we can protect ourselves from being misled by numbers. Ultimately, our brain is a muscle, which we need to train, in order to make it work better. For this purpose, there are certain simple techniques, which we can learn to master and we can discover these in Seeking Wisdom.

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Analysis and key concepts

01.

Who is Charles Thomas Munger?

02.

What is our brain like?

03.

Prejudice explained by psychology

04.

Prejudices seen through the lens of maths

05.

How do we perceive coincidence, probability and contest?

06.

According to Thomas Alva Edison, the brain is a muscle that can be trained like any other

07.

Charlie Munger’s golden rules

08.

Quotes

09.

Take-home message

01. Who is Charles Thomas Munger?

Charles Thomas Munger is an entrepreneur, lawyer and philanthropist. He is also the vice president of Berkshire Hathaway, the financial group chaired by Warren Buffet – an entrepreneur and economist, considered the greatest investor of all time, to the point of being named the Oracle of Omaha. Their experiences and advice, coupled with the discoveries about our intelligence and behaviour handed down to us from Darwin, constitute a wealth of inspiration and tools for those in search of wisdom.

02. What is our brain like?

03. Prejudice explained by psychology

04. Prejudices seen through the lens of maths

05. How do we perceive coincidence, probability and contest?

06. According to Thomas Alva Edison, the brain is a muscle that can be trained like any other

07. Charlie Munger’s golden rules

08. Quotes

09. Take-home message

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Many useful tips to:

  • Understand the automatic brain mechanisms that lead us to make errors of judgement.
  • Learn some useful techniques to avoid getting tricked by numbers and maths.
  • Discover some techniques to train our brains to think better, such as reverse thinking, focus and the scientific method.

Peter Bevelin is a Swedish writer who began his career as an author with Seeking Wisdom, a book that was inspired by his participation in the annual meeting of the American company Berkshire Hathaway in 1994, starring Charlie Munger. Bevelin remembers writing the book as a sort of memorandum to himself, with the aim of gathering useful information and ideas about biology, statistics, economics and human behaviour, for him to pass on to his children. His motto is: “Learn and write to become a little wiser every day”.

Publishing house:

PCA Publications L.L.C.

Year:

2003

Pages:

282

ISBN:

978-9163136856