Charlie Munger: Mental Models for the Rest of Your Life

February 04, 2022 b investment banker , Charlie Munger: Mental Models for the Rest of Your Life 0 Comments

 An advertisement for a company called warner and swayze used to say the company that needs a new machine too, and has bought it it's already paying for it, charlie munger, the vice chairman of bucks. You have to wait, and one of the most successful investors in the world says that this applies to thinking tools as well. The man who is in need of a new thinking too, but hasn't yet acquired. It is already paying for it. Burden resistance will be released. Warren buffett has said the following about charlie munger jolie has the best thirty second mind in the world. He goes from a to zed in the one move. He sees the essence of everything before you can even finish the sentence, how you do it through observing reality and running it against his mental models? In this there is a video recovered, some of the most important motives with charlie munger uses, which he has talked about public. These mental models have helped monger to conquer the stock market, but they're are so diverse that they have a few cases within many other areas too. For example, they have allowed monger to be a successful chairman at a large hospital and they have allowed him to overcome devastating personal loss. As a few weeks ago, I asked you guys which topics you are most interested in. Besides investing in this series, you'll learn and how the models can be applied within these areas to some extent to maybe aren't interested in awesome rewards or avoiding a lot of misery or being more able to serve everything you love in life. If that's your attitude, then don't pay any attention to what you're about to learn in this series, because you are ready on the right track. Let's begin this. Is the swedish investor bringing you the best tips and tools for reaching financial freedom through stock market, investing we'll start off with something of a met, a model, and I think it makes sense to do this first before getting into any of the specifics. The first mental model of charlie munger is the swiss army knife approach. If you're going to learn how to drive a car, you understand that it isn't enough to learn how to use the accelerator. In fact, only learning how to use the accelerator when driving a car, pretty much guarantees that you will hurt yourself and others before you can become a successful driver. You need to learn about multiple things: how to use the steering wheel the brakes, the rear view mirror the gear shift, how to interpret road science. How to hong kong people when they do stupid things that you would never.