Charlie Munger Explains Why Self-Pity Ruins Lives #trading #investing

Behavioral Biases - Self-serving bias can lead to detrimental financial decisions, such as overspending income [1] - Envy, resentment, revenge, and self-pity are identified as disastrous modes of thought, potentially impacting decision-making [1] - Self-pity is closely related to paranoia, which can negatively affect judgment [1]