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

There is a quote the man with a hammer will think everything is a nail you need to diversify your approach learn new things

What Is The Swiss Army Knife Approach 

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

Make Friends With The Emenient Death 

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

Invert Always Invert 

Is the process of just keep building something for a long period of time. You can compound money here are some things to avoid <ul><li>Management fees</li><li>Brokeage fees</li><li>Unnecessary taxes </li></ul>

Compounding 

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if you have held it for a long time Embrace new ideas easily and don’t be sad just because you have just been using an outdated old tool.

Crush Your Cherished Beliefs 

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

Follow Me For Part 2

Charlie Munger, the vice chairman of Berkshire Hathaway and one of the most successful investors ever, is said to have the best 30-second mind in the world. He goes from A to Z in one move. He sees the essence of everything before you can even finish the sentence. How does he do it? Through observing reality and running it against his mental models. In this series of videos, you’ll learn some of the most important models which Charlie Munger uses, which he has talked about publicly. These mental models have helped Munger to conquer the stock market, but they are so diverse that they have applications within many other areas too. For example, they have allowed Munger to be a successful Chairman at a large hospital, and they have allowed him to overcome devastating personal losses. The series will cover a total of 35 of Charlie’s mental models. He says he has some 100 models in his head at all times, but he also says that a few of them carry most of the freight. I think that we’ll cover the most important ones in this series, which will be divided into 7 parts, will 5 models in each one. The models will primarily be related to investing, but also to associated subjects such as economics, entrepreneurship & career. Hope you enjoy. Part 2: https://youtu.be/cgfuEEnsuAc Charlie Munger’s first five mental models: 00:00 Intro 02:20 The Swiss Army Knife Approach 05:44 Make Friends With the Eminent Dead 09:20 Invert, Always Invert 12:29 Compounding 15:01 Crush Your Cherished Beliefs My goal with this channel is to help you make more money and improve your personal finances. How to become a millionaire? There are many ways to get there – investing in the stock market, becoming a stock trader, doing real estate investing, or why not becoming an entrepreneur? But whether you are interested in how to invest in stocks or investing strategies for creating passive income with rental properties – I hope to be able to provide you with a solution (or at least an idea) here. Warren Buffett - the greatest investor of our time - says that you should fill your mind with competing ideas and then see what makes sense to you. This channel is about filling your mind with those ideas. And in the process – upgrading your money-making toolbox.

Wow mental models can dramatically increase your income 

philosophy

Philosophy

career

Career

personaldevelopment

Personal Development

moneyandinvestments

Money & Investments

habits

Habits

For my private stock portfolio & revealing insights into my investment strategy, head over to: https://www.patreon.com/TheSwedishInvestor 

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Charlie Munger, the vice chairman of Berkshire Hathaway and one of the most successful investors ever, is said to have the best 30-second mind in the world. He goes from A to Z in one move. He sees the essence of everything before you can even finish the sentence.

How does he do it? Through observing reality and running it against his mental models. In this series of videos, you’ll learn some of the most important models which Charlie Munger uses, which he has talked about publicly. These mental models have helped Munger to conquer the stock market, but they are so diverse that they have applications within many other areas too. For example, they have allowed Munger to be a successful Chairman at a large hospital, and they have allowed him to overcome devastating personal losses.

The series will cover a total of 35 of Charlie’s mental models. He says he has some 100 models in his head at all times, but he also says that a few of them carry most of the freight. I think that we’ll cover the most important ones in this series, which will be divided into 7 parts, will 5 models in each one. The models will primarily be related to investing, but also to associated subjects such as economics, entrepreneurship & career. Hope you enjoy.

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My main tool for fundamental screening and analysis of stocks: https://app.tikr.com/register?ref=tsi 
(If you sign up I earn a small commission)

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Part 2: https://youtu.be/cgfuEEnsuAc 

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Charlie Munger’s first five mental models:
00:00 Intro
02:20 The Swiss Army Knife Approach
05:44 Make Friends With the Eminent Dead
09:20 Invert, Always Invert
12:29 Compounding
15:01 Crush Your Cherished Beliefs

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My goal with this channel is to help you make more money and improve your personal finances. How to become a millionaire? There are many ways to get there – investing in the stock market, becoming a stock trader, doing real estate investing, or why not becoming an entrepreneur? But whether you are interested in how to invest in stocks or investing strategies for creating passive income with rental properties – I hope to be able to provide you with a solution (or at least an idea) here. Warren Buffett - the greatest investor of our time - says that you should fill your mind with competing ideas and then see what makes sense to you. This channel is about filling your mind with those ideas. And in the process – upgrading your money-making toolbox.

Thank you for checking out The Swedish Investor. My name is Erik Abrahamsson, and on this channel, I will share with you the most successful strategies for taking your personal finances to the next level, in (well, hopefully) a simple and enjoyable way. Here, you will find time-tested investing advice from the most successful money managers and investors of our time.

About me:
-- Been investing in the stock market since 08/06/2013, and since then, I've beaten the S&P 500 by a fair margin
-- My CAGR on invested stock market capital is 19.5% as of July 2023 (after taxes and brokerage fees)
-- Read about 100 books on the topic of personal finance and investing

For my private stock portfolio & revealing insights into my investment strategy: https://www.patreon.com/TheSwedishInvestor 

I wish you all good fortune in your stock market investing!

Feel free to contact me on: theswedishinvestoryt@gmail.com

Charlie Munger: Mental Models for the Rest of Your Life

CHARLIE MUNG