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

Independent Thinking

<ul><li> Stick near things that you are good at doing. That is how you make the most money and gain expertise </li><li>You should know what your circle of competence is and how far away or close you are to the circle </li></ul>Always try and increase the circle of competence to continue to grow

Circle Of Competence 

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 basketAn example of this is if you make YouTube videos have a second option ad well in case something happens to YouTube.

Technology As A Problem 

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.

Simplicity 

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.

The Worlds Most Intelligent Question 

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.

Follow Me For Part 4

Part 3 of the mental models that you should add to your life for better results 

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 4: https://youtu.be/QuhxBuhv_co The mental models covered in this episode are: 00:00 Intro 00:56 Independent Thinking 04:11 Simplicity 07:09 Technology as a Problem 09:10 The World’s Most Intelligent Question 11:01 Circle of Competence The mental models that were covered in part 1 (https://youtu.be/ywyQ_eNNCJU ): - The Swiss Army Knife Approach - Make Friends With the Eminent Dead - Invert, Always Invert - Compounding - Crush Your Cherished Beliefs Part 2 (https://youtu.be/cgfuEEnsuAc ): - Opportunity Costs - Parimutuel Betting - Survival of the Fittest - Margin of Safety - The Superpower of Incentives 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.

personaldevelopment

Personal Development

moneyandinvestments

Money & Investments

habits

Habits

problemsolving

Problem Solving

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 4: https://youtu.be/QuhxBuhv_co 

The mental models covered in this episode are:
00:00 Intro
00:56 Independent Thinking
04:11 Simplicity
07:09 Technology as a Problem
09:10 The World’s Most Intelligent Question
11:01 Circle of Competence

The mental models that were covered in part 1 (https://youtu.be/ywyQ_eNNCJU ):
- The Swiss Army Knife Approach
- Make Friends With the Eminent Dead
- Invert, Always Invert
- Compounding
- Crush Your Cherished Beliefs

Part 2 (https://youtu.be/cgfuEEnsuAc ):
- Opportunity Costs
- Parimutuel Betting
- Survival of the Fittest 
- Margin of Safety
- The Superpower of Incentives

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

The Worlds Most Intelligent Question

Similar ideas to The Worlds Most Intelligent Question

The Focusing Question

Ask and answer

Begin with the use in mind