Munger argues that we are wired to naturally favor people we like and love to the point of irrationality. In social psychology, this tendency is known as in-group bias. In order to keep liking and loving them, we do the following behaviors
By understanding what really drives you, you can drive yourself. Source: Michael Simmons & Ian Chew
Munger cautions us to be careful of professional advice that might be shaped by the advisor’s personal interest. Source: Michael Simmons & Ian Chew
Want to get an individual or a team to do something? Munger says you need to answer this question correctly: “What’s in it for them?” Source: Michael Simmons & Ian Chew