Charlie’s Egg And The Vaccine Resistance


Charlie’s Egg And The Vaccine Resistance
PhotoLizM / Pixabay

In his classic 1995 Harvard presentation, “The Psychology of Human Misjudgment,” Charlie Munger introduced this brilliant analogy:

Get The Full Series in PDF

Get the entire 10-part series on Charlie Munger in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues.

Q2 2021 hedge fund letters, conferences and more

Grizzly Rock is posturing strong returns with a concentrated portfolio

Jeffrey Aronson Crossroads CapitalGrizzlyRock Value Partners returned 10.2% for the second quarter, bringing its year-to-date return to 28.28% net. The S&P 500 was up 8.17% for the quarter, while the Russell 2000 returned only 4.05%. Compared to the Russell 2000, GrizzlyRock’s long portfolio delivered alpha of 10.8%, although that was reduced by the short alpha of -0.6%. Q2 Read More

“The human mind is a lot like the human egg. And the human egg has a shut-off device. When one sperm gets in, it [the egg] shuts down so the next one can’t get in. The human mind has a big tendency of the same sort.”

As every publicist knows, the first to “break” a story has credibility regardless of veracity.

Likewise, street wisdom teaches: the first to call the cops gets cred, even if the caller blames their victim.

Perforce it takes more energy to uproot an established idea than to plant it.

As Mark Twain said:

“It is far easier to fool people than to convince them they have been fooled.”

To admit you have been fooled requires two painful admissions, tougher than two tooth extractions:

  1. “I was wrong.”
  2. “I was taken in.”

How often have you heard either from anyone, anywhere, anytime?

How can I, as a practicing physician, albeit a psychiatrist, convince the recalcitrant unvaccinated to get from:

“Are you taking it?

I’m not taking it!”

to:

“Thanks, Doc. Glad I took it!

My buddy’s in the ICU!”?

Four Prescriptions from Charlie Munger

Like everyone else vaccine resisters take pride in their ideas.

Whether it’s the wisdom of caution (“It just came out!”);

Youth or strength (“Ah, it’s like the flu!”);

Or dogged American independence, right off a Revolutionary War flag (“Don’t tread on me!”).

Charlie Munger has four prescriptions for overvalued ideas:

  • “A year that you don’t destroy one of your best-loved ideas is probably a wasted year.”

If you love the idea of not being vaccinated, destroy that best-loved idea this year.

More than 95% of all COVID hospital admissions are unvaccinated!

And for gamblers and believers in luck (“Not me. I never get sick!”), Charlie has advice from his days in the military:

  • “Life in part is like a poker game, wherein you have to learn to quit sometimes when holding a much loved hand.”

In a pandemic luck favors the vaccinated. Here’s a chance to make your own luck!

And from one of the greatest scientists in history, his namesake, Charles Darwin, Charlie has derived this principle of clear thinking:

3) “He [Darwin] always gave priority attention to evidence tending to disconfirm whatever cherished and hard-won theory he already had.”

Said again in cracker barrel Charlie:

“I know I’ll perform better if I rub my nose in my mistakes. This is a wonderful trick to learn.”

Vaccination resistance is just such a mistake.

4)”Simplicity has a way of improving performance through enabling us to better understand what we are doing.”

Everybody makes it complicated when, as Charlie often says:

“It’s so simple!”

Get vaccinated!

Wear a mask!

And glasses!

For yourself, your family, your friends and neighbors.

For everyone everywhere.

For life!

Updated on



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

Copyright © 2019 Billionaire Club Co LLC. All rights reserved

Chat
Loading the chat ...