“ It is remarkable how much long-term advantage people like... - Deepstash
Charlie Munger
It is remarkable how much long-term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be very intelligent.”

CHARLIE MUNGER

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MORE IDEAS FROM The 5 Elements of Effective Thinking

  1. Understand deeply: Be brutally honest about what you know and don’t know. Then see what’s missing, identify the gaps, and fill them in.
  2. Make mistakes: Mistakes are great teachers; they highlight unforeseen opportunities and holes in your understanding.
  3. Raise questions: Constantly create questions to clarify and extend your understanding.
  4. Follow the flow of ideas: Look back to see where ideas came from and then look ahead to discover where those ideas may lead.
  5. Change: You can always improve, grow, and extract more out of your education, yourself, and the way you live your life.

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RELATED IDEA

Thinking or Doing
We have a ‘thinking’ system and a ‘doing’ system – and we’re generally only capable of using one at a time.
  • Thinking requires Diverging(trying to come up with as many ideas as possible).
  • Doing requires Converging (evaluating ideas and figure out which ones are best).

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Breaking down complicated problems into basic elements and then reassemble them from the ground up.

It’s one of the best ways to learn to think for yourself, unlock your creative potential, and move from linear to non-linear results.

This approach was used by the philosopher Aristotle and is used now by Elon Musk and Charlie Munger. 

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David Collis - Harvard Business School professor

“Most executives cannot articulate the objective, scope, and advantage of their business in a simple statement. If they can’t, neither can anyone else.”

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