From Charlie Munger’s “Poor Charlie’s Almanack”
“Man’s imperfect, limited-capacity brain easily drifts into working with what’s easily available to it.” (p. 486)
“The main antidote to miscues from Availablity-Misweighing Tendency often involves procedures, including use of checklists, which are almost always helpful.”
“Another antidote is to behave somewhat like Darwin did when he emphasized disconfirming evidence.”
“Still another antidote is to find and hire some skeptical, articulate people with far reaching minds to act as advocates for notions that are opposite to the incumbent notions.”
“The great algorithm to remember in dealing with this tendency is simple: An idea or a fact is not worth more merely because it is easily available to you.”