charliemunger

New Episode: Charlie Munger: Latticework of Mental Models

New Episode: Charlie Munger: Latticework of Mental Models

Charlie Munger is one of the greatest investors of all time. Plenty of people have called him a “learning machine.” The phrase ‘Latticework of Mental Models’ comes from Berkshire-Hathaway’s Charles Munger, who spent most of his life working out ways to, for lack of a better term, think better.

Munger has come to the conclusion that in order to make better decisions in business and in life, you must find and understand the core principles from all disciplines.

You have to learn all the big ideas in the key disciplines in a way that they’re in a mental latticework in your head and you automatically use them for the rest of your life. – Charlie Munger

This is what he calls Elementary Worldly Wisdom, and using his system of Mental Models can help you succeed in almost any endeavour.

Opportunity Cost

Opportunity Cost

Hello members and subscribers! The twelfth Moonshots Master episode is here and we are diving into Critical Thinking and Opportunity Cost!

Getting us started on the journey is Brit Lewis from Mr Hancock, who talks about Trade-Offs and how an understanding of scarcity can help us grasp the number of possibilities around us. We then have a breakdown from Study.com which explains choice, Opportunity Cost definition and real-world examples demonstrating how every choice has a value.

Our recommended reading list and downloadable frameworks are available to help you go even deeper into the topic, so you can start adopting the practice of prototyping today:

What key lesson are you taking from this Master Series show? Get in touch and let us know!

New Episode: Charlie Munger: Latticework of Mental Models

New Episode: Charlie Munger: Latticework of Mental Models

Charlie Munger is one of the greatest investors of all time. Plenty of people have called him a “learning machine.” The phrase ‘Latticework of Mental Models’ comes from Berkshire-Hathaway’s Charles Munger, who spent most of his life working out ways to, for lack of a better term, think better.

Munger has come to the conclusion that in order to make better decisions in business and in life, you must find and understand the core principles from all disciplines.

You have to learn all the big ideas in the key disciplines in a way that they’re in a mental latticework in your head and you automatically use them for the rest of your life. – Charlie Munger

This is what he calls Elementary Worldly Wisdom, and using his system of Mental Models can help you succeed in almost any endeavour.

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