CHARLIE MUNGER ON THE PSYCHOLOGY OF HUMAN MISJUDGMENT

Sources:

http://www.rbcpa.com/mungerspeech_june_95.pdf
https://www.youtube.com/watch?v=pqzcCfUglws

Second Law of Thermodynamics and Economics

How efficient is the US economy in converting materials and energy to productive work?

Ans: ~2 %


Source:

https://www.youtube.com/watch?v=coTeKpIcBbs