Review of Richards J. Heuer's little known book The Psychology of Intelligence Analysis. In the book Heuer reviews several the limitations to human cognition that effect our decision making and proposes his Analysis of Competing Hypotheses (ACH) method to organize our thinking and conclusions. I found the book highly relevant to investment decision making especially as it relates to analyzing a businesses "moat" or competitive advantage. When combined with Ben Graham's Intelligent Investor framework for business valuation Mr Heuer's ACH framework can be a powerful tool for analysis of a businesses competitive advantage and other macro factors. Overall, I highly recommend the method and have already incorporated it into my tool kit.A transcript of the episode can be found at (https://specialsituationinvesting.substack.com).Remember you can support the show in the following ways:Consider switching to Fountain for all of your podcast needs. Fountain sources its content from the podcast index and allows users to receive and stream bitcoin micro payments between fans and content creators. Get payed just to listen to your favorite show and use our affiliate link to download the app: user7318803752755346-6a82e4d49eTo sign up for Strike visit the following link : https://strike.me/en/To get $10 for you and $10 for me at sign-up use referral code: ZEYDWPOr contribute to the show directly by visiting: https://buzzsprout.com/1923146Once on the shows website you can scan the QR code displayed and donate any amount of bitcoin to show your support