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Munger on the psychology of misjudgement courtesy of Whitney Tilson (Tilson Capital Partners).

Here's the Fool article-
http://www.fool.com/news/foth/2002/foth020821.htm
And here's the link to the transcript if you want it straight from the horses' mouth without passing go.
http://www.tilsonfunds.com/mungerpsych.html

regards
Barcoo
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