Charlie Munger is an 80-something billionaire who cofounded top-tier law firm Munger, Tolles & Olson and is Warren Buffett's long-time partner and Vice-Chairman at Berkshire Hathaway, one of the most successful companies of all time.

Some people consider Mr. Munger to be an even more interesting thinker and writer than Mr. Buffett. Mr. Munger's magnum opus speech is The Psychology of Human Misjudgment -- an exposition of 25 key forms of human behavior that lead to misjudgment and error, derived from Mr. Munger's 60 years of business experience. Think of it as a practitioner's summary of human psychology and behavioral economics as observed in the real world.

This series of blog posts will walk through all 25 of the biases Mr. Munger identifies, and then adapt them for the modern entrepreneur.