Decision Making Like Buffett & Munger - High School Edition
CD
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How did Warren Buffett and Charlie Munger advance “Decision Framing” in both practical and Behavioral Finance? The “Four Decision Framing Clusters" are both filtering and valuation steps. They are steps that help us filter out weaker investment prospects and filter in stronger prospects for investment. After studying their approach and writing my book, "The Four Filters Invention of Warren Buffett and Charlie Munger," I realized that there are useful takeaways that can be learned by young people. 1. Frame your important decisions to include the most relevant stakeholders. 2. Look at the population of ideas and filter out the less probable. 3. Use both subjective feelings and objective facts to arrive at a decision. 4. Maintain a conservative "Margin of Safety" in each decision.
This audio book CD is aimed at the High School Student.