Charlie Munger: Mental Models for the Rest of Your Life (PART 3)
Curated from: The Swedish Investor
Ideas, facts & insights covering these topics:
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Independent Thinking
Independent Thinking is the best way to make sure you don’t follow the crowd and make a mistake in your choices
Sometimes you need to think for yourself and figure out what is the best way to go about solving this problem
77
1.07K reads
Simplicity
Sometimes the best way to accomplish something is find the most simple way of doing something
The fastest way from point A to point B is straight
Most people don’t go for the simplest options and get confused with all the complexity that comes from it.
73
853 reads
Technology As A Problem
Don’t rely too much on Technology. Technology can change at anytime it’s not very reliable sometimes so don’t put all your eggs in a basket
An example of this is if you make YouTube videos have a second option ad well in case something happens to YouTube.
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806 reads
The Worlds Most Intelligent Question
The worlds most intelligent question is Why? Everything that happens to you you must ask why and what can I learn from this
By learning from every experience that you face you also level up and get better at things.
81
798 reads
Circle Of Competence
- Stick near things that you are good at doing. That is how you make the most money and gain expertise
- You should know what your circle of competence is and how far away or close you are to the circle
Always try and increase the circle of competence to continue to grow
75
729 reads
Follow Me For Part 4
Feel free to follow me for part 4 also feel free to check out my profile to see part 1-3 there you can learn more about money habits and everything else.
63
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CURATOR'S NOTE
Part 3 of the mental models that you should add to your life for better results
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