“You’ve got to have models in your head and you’ve got to array you experience – both vicarious and direct – onto this latticework of mental models.” — Charlie Munger
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“You’ve got to have models in your head and you’ve got to array you experience – both vicarious and direct – onto this latticework of mental models.” — Charlie Munger
Enhance your investment process by building a latticework of mental models
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Over the last six weeks, we have worked on distilling the essence of OVER 50 mental models.
Warren Buffett has always said that Charlie Munger has the BEST thirty-second mind in the world. Within thirty-seconds, he’ll grasp the crux of any deals and make decisions rapidly.
It's because Munger has a latticework of mental models. Munger explains:
“Models have to come from multiple disciplines because all the wisdom in the world is not to be found in one little academic department… Fortunately, it isn’t that tough because 80 or 90 important models will carry about 90% of the freight in making you a worldly-wise person.”