Greetings friends, hope the day finds you well. The topic of today is inspired by the book, Poor Charlie’s Alamanack, about the life and story of Charlie Munger. In the section about Charlie’s approach to life, investing, and Learning, Charlie talks about the principal reason behind his immeasurable success: Mental models. The question Charlie gets asked often is How can i get rich and wise? The success of Berkshire’s Hathaway is mainly the result of a collaboration of the two great minds of Charlie Munger and Warren Buffet, but our focus here is how Charlie’s brain works. Charlie’s operating system runs on mental models that are updated constantly( Charlie argues that even at an old age one can still acquire new mental models). Charlie uses the hammer/nail analogy to scold narrow specializers( mainly economists), and thinks that it is crucial that one integrates the big ideas in the various different fields outside of theirs into their mental models. For instance, one should understand at least the big ideas in physics, chemistry, engineering, art…etc. The purpose of this integration is to have access to different perspectives when solving a certain black swany/ unexpected problem, or any other problem for that matter.
16: My mental models
16: My mental models
16: My mental models
Greetings friends, hope the day finds you well. The topic of today is inspired by the book, Poor Charlie’s Alamanack, about the life and story of Charlie Munger. In the section about Charlie’s approach to life, investing, and Learning, Charlie talks about the principal reason behind his immeasurable success: Mental models. The question Charlie gets asked often is How can i get rich and wise? The success of Berkshire’s Hathaway is mainly the result of a collaboration of the two great minds of Charlie Munger and Warren Buffet, but our focus here is how Charlie’s brain works. Charlie’s operating system runs on mental models that are updated constantly( Charlie argues that even at an old age one can still acquire new mental models). Charlie uses the hammer/nail analogy to scold narrow specializers( mainly economists), and thinks that it is crucial that one integrates the big ideas in the various different fields outside of theirs into their mental models. For instance, one should understand at least the big ideas in physics, chemistry, engineering, art…etc. The purpose of this integration is to have access to different perspectives when solving a certain black swany/ unexpected problem, or any other problem for that matter.