It's a fantastic read that can really help you understand why supposedly rational masses of people can end up being so wrong. In the tech world, it ends up being more relevant than one would like it to be.
A transcript of the original speech at Harvard, June 1995, should be e.g. at
https://jamesclear.com/great-speeches/psychology-of-human-mi...
A recording of the original speech is at
Youth really is fleeting.
So is all of life.
Signed, a 60 year old
As an aside, it does aggravate me that so many companies have reverted back to the 2 digit year after going through so much Y2K refactoring.
http://www-personal.umich.edu/~venky/teach/Munger-misjudgmen...
https://fs.blog/energy-independence-is-a-terribly-stupid-ide...
> "… running out of hydrocarbons is like running out of civilization. All this trade, all these drugs, fertilizers, fungicides, etc. … which China needs to eat with a population so much, they all come from hydrocarbons. And it is not at all clear that there is any substitute.
> "When the hydrocarbons are gone, I don’t think the chemists will be able to simply mix up a vat and there will be more hydrocarbons. It’s conceivable, of course, that they could but it’s not the way to bet."
That's in the context of his arguments about for ignoring any calls for 'energy independence' because it's better to preserve domestic resources for future emergencies.