Disliking/Hating Tendency Bias
Number 3 Of The 25 Cognitive Biases...
Disliking distortion, bias from that, the reciprocal of liking distortion and the tendency not to learn appropriately from someone disliked.
True information coming from a disliked source is often ignored.
Examples Of The Disliking/Hating Tendency Bias
We tend to turn a blind eye to the poor decisions and shady actions performed by individuals and companies we like or love.
We would rather listen to a lie from someone we liked than the truth from someone we disliked.
We filter out information from sources we hate or dislike.
For example if the replacement coach of your basketball team told you you're dribbling the wrong way and gave you actionable advice on how to fix it you'd likely block out that advice and deny your mistake.
How To Avoid Falling Victim To The Disliking/Hating Tendency Bias
Look at the information, the advice, the object or the product you're receiving irrespective of the brand or person that you're getting it from.
Forget the source for a moment and take the information before you allow your brain to deny or filter it out due to the disliking tendency.
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!)