Twaddle Tendency Bias
Number 20 Of The 25 Cognitive Biases...
The twaddle tendency is essentially the performance of time wasting activities as a result of confusion.
Examples Of The Twaddle Tendency Bias
Munger gives the example of a honey bee, once it finds nectar it communicates to the other bees the location of the nectar – when it can’t find nectar instead of retreating to the hive it returns to perform an incoherent dance to the other bees as it has no means of communicating what it has (or rather hasn’t found).
How To Avoid Falling Victim To The Twaddle Tendency Bias
Don't spend your time on nonsense.
Have an end-goal in mind and take the necessary actions required to achieve the goal, however don't be so rigid in your plan to get there... "there is more than one way to the top of the mountain"
Don't twaddle with the actions you're taking,. if they're not working then change it up and find what does work.
Want To Know More About Charlie Munger's Cognitive Biases & How To Dominate Life?
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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”.
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