Negative and Positive Lollapalooza Effects

Published: Dec. 9, 2023, 9:30 p.m.

The "lollapalooza" effect (coined by Charlie Munger) occurs when multiple other effects have a compounded outcome that tends to create an extreme situation.\n\nIn this episode, we discuss lollapalooza effects and how you might fall victim to them, and more importantly, how you can use them to your advantage.