Disliking/Hating Tendency The opposite of the liking/loving tendency is also true. We tend to disfavor people we already dislike and hate to a level of irrationality. This results in: ● Ignoring the virtues of people we dislike. ● Disliking people, products, and actions merely associated with the object of our dislike. ● Distorting facts in order to facilitate hatred. Quotes [A] major difference between rich and poor people is that the rich people can spend their lives suing their relatives.” Warren Buffet as quoted by Munger Politics is the art of marshalling hatreds.” Anonymous Examples ● “When the World Trade Center was destroyed, many Pakistanis immediately concluded that the Hindus did it, while many Muslims concluded that the Jews did it.” Munger ● Similarly, post 911 years saw investment fund managers with foreign sounding names experiencing reduced fund flow from investors , in comparison to counterparts with commonplace American names. In other words, before having evidence, they used the tragedy to further their preexisting hatred. Resource Elizabeth Lesser Take the Other to Lunch (TED Talk). xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx Envy/Jealousy Tendency Munger points how out our evolutionary desire to own others’ possessions leads to worse situations like hatred, fights and so on. Abraham Tesser’s academic research on the Self Evaluation Model counterintuitively shows that our self esteem suffers and therefore, feel the most jealous of other people when they’re: ● Close to us (ie sibling, friend) ● Outcompeting us in areas that are important to us Quotes It is not greed that drives the world, but envy.” Warren Buffet as quoted by Munger Antidotes ● Disarm other people’s jealousy of you with vulnerability. ● Practice mindfulness when you feel jealous or envious accept and appreciate your emotions. Your emotions often are telling you something about yourself, and being aware of what messages they bring can bring you new personal insights. Example In the Wesco Annual Meeting (2000), Munger made the following remark on the importance of being satisfied with one’s own life: “Here's one truth that perhaps your typical investment counselor would disagree: if you're comfortably rich and someone else is getting richer faster than you by, for example, investing in risky stocks, so what ?! Someone will always be getting richer faster than you. This is not a tragedy.” Resources ● To Create a Real Connection, Show Vulnerability ● Be Happier with Your Life: 6 Ways to Let Jealousy Guide You xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx K Rajaram IRS 19 7 23
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