Curiosity Tendency Bias
Number 6 Of The 25 Cognitive Biases…
The desire to seek more information and become a learning machine.
There is not enough curiosity to learn, even though you receive so many benefits from a continuous learning process. Munger says, “the curious are also provided with much fun and wisdom once formal education has ended.”
Examples Of The Curiosity Tendency Bias
There’s 3 types of people in this world:
- People that make things happen
- People that watch things happen
- People that wonder what happened
Raise your awareness level so you’re not wondering.
Know what all the buttons on your computer do, you’re using it daily so you must know about it. Know about your car, know about all the things you frequently use.
Curiosity is the catalyst for success – Stephen Hawking, Bill Gates… all the visionaries in the world started off with an unmatched level of curiosity.
How To Avoid Falling Victim To The Curiosity Tendency Bias
Follow your curious nature.
A renaissance man or polymath is multi-talented.
Read and learn skills in all areas of life such as:
- Learn another language
- Learn to play a musical instrument
- Read more books on a variety of topics (health, science, maths)
The many benefits of increasing your knowledge and broadening out include:
- Becoming a more interesting person in conversation
- Knowing both sides to an argument to truly differentiate pros and cons
- Iron sharpens iron as a friend sharpens a friend
It’s all about the materials
The more materials in your kitchen the better the meal you produce.
A top tier chef will be outperformed by an amateur if they have a sufficient amount of materials.
Subject matter knowledge is a material, the more unique materials (music, art, science, health) you add the greater a chef (renaissance person) you become.
Want To Know More About Charlie Munger’s Cognitive Biases & How To Dominate Life?
I recently purchased Charlie Munger’s flagship book, Poor Charlie’s Almanack – a book filled with hundreds of pages of wisdom from a billionaire and master of mindset and mental frameworks to improve your life..
This book cost me $65 USD. To most this will seem absurd…
“$65 for a book?! What a waste of money”
…these are the same people that spend hundreds of dollars on junk food and alcoholic beverages on Friday and Saturday night.
Delay The Instant Gratification
Don’t adopt the epicurean mentality of “eat, drink and be merry for tomorrow we die.”
You must think long term, you must delay the instant gratification we’re so used to experiencing in this life and invest for tomorrow (stoicism).
“Don’t invest in things that’ll rust, rot or depreciate, invest in things that’ll be worth more later or make you be worth more later”.
The information in this book is worth well over $65 if read and implemented, the information on investing and cognitive biases is worth its weight in gold.
But remember, It’s the application of knowledge that counts, not just the acquisition (read it and take action!)