Charlie Munger: Mental Models for the Rest of Your Life

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

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

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

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Embrace new ideas easily and don’t be sad just because you have just been using an outdated old tool.

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