Chamath: Repetition compulsion causes investors to reiterate psychological blind spots
Chamath Palihapitiya · Chamath Palihapitiya – The Social Capital Flywheel (Capital Allocators, EP.167) · Dec 7, 2020 · at 19:29
Chamath Palihapitiya (founder of Social Capital) discusses the personal psychological work he underwent and how psychological traits impact decision-making in investing and business.
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“There's a theme in psychology, which is called repetitive compulsion. And that psychological trait actually has incredible insights in business as well, particularly in investing. And what it really means is that you have a tendency, you are compelled to repeat what you are most comfortable seeing and doing. And so when you have a psychological blind spot, this idea of repetitive compulsion just reiterates those loops over and over.”
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…”