korrents

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Many small steps toward disaster can carry a person too far to avoid it, because each step presents so little contrast with the present position

Drawn from what Charlie Munger said

Subjectbehavioural science
What this subject means

behavioural science Applying how people actually decide to policy, rather than assuming how they should.

Mental modelSecond-order thinking

On the topicWhich mental models help you think better?under our view: The second-order effect is what decides most outcomes, so ask "and then what?"

What Charlie Munger actually said

  1. Charlie Munger Warren Buffett's business partner and vice chairman of Berkshire Hathaway
    When a man’s steps are consecutively taken toward disaster, with each step being very small, the brain’s Contrast-Misreaction Tendency will often let the man go too far toward disaster to be able to avoid it. This happens because each step presents so small a contrast from his present position.

    Where this was said

    ↗The Psychology of Human Misjudgment (revised text, 2005)fs.blog

    c. 2005

    All 17 korrents from this piecethis one is 13th

Added to korrents 9 Oct 2026 · How quotes work · Something wrong? Tell us

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