Charlie Munger: Mental Models for the Rest of Your Life (PART 4)

The main understanding we have of filters is that it is different sorting methods that we use for a computer when searching things up

It can apply to real life as well when making a decision we can automically cancel the options that don’t fit in our filter

For example when thinking of a company to work for we can cancel all the companies that don't treat their employees fair. This mental model can also apply to investing as well

The fat pitch strategy is mostly used in investing but can be used in other ways as well it states the value in deliberating waiting and thinking of things before you make a decision

For instance imagine if you had only 20 investments in your whole lifetime you would think about every single investment you made to make sure it was right?