Charlie Munger: Mental Models for the Rest of Your Life - Deepstash
Charlie Munger: Mental Models for the Rest of Your Life
Charlie Munger: Mental Models for the Rest of Your Life
Charlie Munger: Mental Models for the Rest of Your Life

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Charlie Munger: Mental Models for the Rest of Your Life

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The man who is in need of a new thinking tool but hasn’t acquired it. Is already paying for it

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There is a quote the man with a hammer will think everything is a nail

you need to diversify your approach learn new things

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Make sure you read you need to consume a lot of informations

Always try and master the best things don’t try and dream it out yourself

Be careful who you gain information from. Even if you study something you can be stuck in one place

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Inverting is the process of figuring out the opposite of your goal and how to avoid achieving failure

for instance if you want to achieve X you would look to create non X and then try and avoid that

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Is the process of just keep building something for a long period of time.

You can compound money here are some things to avoid

  • Management fees
  • Brokeage fees
  • Unnecessary taxes

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You do not want to hold on to a belief even if you have held it for a long time

Embrace new ideas easily and don’t be sad just because you have just been using an outdated old tool.

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Make sure to follow me for part 2 I’ll be making another stash detailing how you can use this to better your life

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Wow mental models can dramatically increase your income

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