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Pastimes : Psychology and Investment Behavior
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From: cgcoss2/17/2015 2:02:50 AM
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This brings me, at last, to the main purpose of my talk. Large educational implications exist, if my answer to Glotz’s problem is roughly right and you make one more assumption I believe true – that most Ph.D. educators, even psychology professors and business school deans, would not have given the same simple answer I did. And, if I am right in these two ways, this would indicate that our civilization now keeps in place a great many educators who can’t satisfactorily explain Coca-Cola, even in retrospect, and even after watching it closely all their lives. This is not a satisfactory state of affairs.


http://mungerisms.blogspot.com/2010/04/charlie-munger-turning-2-million-into-2.html
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