Hi there, how’s your week going?

Today, we’re continuing our journey through Charlie Munger’s classic book Poor Charlie’s Almanack. In Lecture 11, Munger introduces us to the psychology of human misjudgment, and he gives us a list of 25 tendencies that often lead us to make poor decisions. Understanding these helps us see why people act rationally sometimes… and irrationally other times.

Let’s look at two of them today:

3. The Disliking or Hating Tendency

This is basically the opposite of the “liking tendency.” Just like we’re wired to like those who are kind to us, humans — even babies — are also wired to dislike or even hate those who treat us badly. Monkeys and apes show the same behavior.

That’s why war has been a constant in human history. From tribal conflicts among Native Americans to modern-day wars, hatred hasn’t gone away. In fact, it’s still very strong. There’s even an old British saying: “Politics is the art of dealing with hatred properly.” And in the U.S., we often see political ads that try to stir up hatred against opponents.

So why does Munger see this as such a dangerous bias?

First, hate clouds our judgment. If we dislike someone, we tend to reject everything they say, even if it’s a good idea. For example, if a boss hates an employee, the boss might ignore the employee’s great suggestion — and the company loses out.

Second, hate leads to revenge. When we hate, we often overreact, even when it hurts us too. In business negotiations, personal grudges can destroy what could’ve been a win-win deal.

Third, hate magnifies our biases. We stop learning from people we dislike. Munger reminds us: smart people can even learn from their enemies. But if hatred blinds us, we lose that chance.

Fourth, it creates a vicious cycle. Hate → poor judgment → bad decisions → more failure → even more hate. In investing, in business, and in relationships, this cycle can quietly destroy wisdom.

History gives us great example.

Abraham Lincoln, during the U.S. Civil War, led with the motto: “With malice toward none, with charity for all.” He didn’t let hatred toward the South control him. Instead, he focused on reconciliation and rebuilding. That’s why the U.S. could reunite.

3. The Doubt-Avoidance Tendency

Here’s another big one: humans naturally want to get rid of doubt as fast as possible.

Why? Three reasons:

                  1)Evolution. In the wild, hesitation could cost you your life. If you saw a predator and kept doubting — “Should I run? Should I fight?” — you might not survive. So our brains evolved to prefer quick decisions.

                  2)Psychological comfort. Uncertainty makes us anxious. To get rid of that stress, we grab the first “reasonable” answer and stick with it.

                  3)Mental energy-saving. Thinking deeply takes effort. It’s easier for our brains to find any answer, accept it, and stop thinking.

The problem is: in today’s complex world, this tendency often backfires. We rush to conclusions. We believe headlines without checking. We lean too much on authority. In investing or business, this can mean big mistakes.

Again, history and role models help:

Warren Buffett is famous for his patience. He doesn’t jump on the latest stock tip. He waits. He studies. And he only moves when the timing is right. His success comes largely from resisting the urge to end doubt too quickly.

That’s all for today’s episode! I hope you got some useful insights. Remember to practice these ideas — not just listen.

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I wish you wisdom in your financial journey, and a life filled with peace and abundance. Take care, and see you next time!