Mental models are high level representations of how thing work.
They help you think effectively and thus are fully aligned with the objectives and purpose of this site.
According to Charlie Munger:
Munger is referring here to mental models.
Two broad categories of mental models that are particularly useful are those that help us understand how:
[1] The world works and thus to predict the future.
[2] To see connections and opportunities
Our world is multi-dimensional and our problems are complex. Most problems cannot be solved using one model alone, thus it follows that the more models you have in the toolkit, the better equipped you will be to solve your problems because you can look at the problem from a variety of perspectives and increase the odds that you will come to a better solution.
But if you don’t have the models, you become the proverbial man with a hammer to whom every problem looks like a nail.
Another important
consideration is how you prioritise your learning. Trying to keep
up-to-date with all the latest information will lead to us chasing our
tails, therefore Charlie Munger says that we should focus on things that
change slowly:
“You don’t have to know everything. A few really big ideas carry most of the freight.”
"It’s kind of fun to sit there and out-think people who are way smarter than you are because you’ve trained yourself to be more objective and more multidisciplinary. Furthermore, there is a lot of money in it, as I can testify from my own personal experience."
Charlie Munger: Adding Mental Tools to Your Toolbox
How To Prioritise Learning Mental Models
Further reading:
In the words of Charlie Munger:
The purpose of this site is to show you how to cope in tough times, and to provide you with the tools to do this successfully. Mental models are an integral part of all this. Here is how it all hangs together:
Mental Models: The Best Way to Make Intelligent Decisions (109 Models Explained
Mental Models - General Thinking Concepts
Iatrogenics - "Do Something Syndrome"
Mental Models - Human Nature
Cognitive DistortionsMental Models - Productive Thinking
Applied Rationality and The Scout Mindset
Mental Models - Physics, Chemistry & Biology
Mental Models - Systems
Mental Models - Numeracy
Regression To The Mean
Multiplying By Zero
Mental Models - Microeconomics
Comparative Advantage
Return from "Mental Models" to: How To Think
Apr 09, 21 12:00 AM Apr 07, 21 04:51 AM Apr 06, 21 12:00 AM Apr 02, 21 05:46 AM Mar 26, 21 04:47 AM Mar 25, 21 10:38 AM Mar 19, 21 07:16 PM Mar 13, 21 04:49 AM Mar 10, 21 12:00 AM # awareness of your thoughts;
# understanding your thoughts;
# accepting your thoughts; and,
# living with your thoughts. Ultimately, what matters is n… Mar 08, 21 07:16 AMLATEST ARTICLES
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