Cultivate mental models to improve decisionmaking from "summary" of Poor Charlie's Almanack by Charles T. Munger
One of the key principles for making better decisions is to cultivate a variety of mental models. These mental models are essentially frameworks for understanding the world around us. By developing and expanding our mental models, we can improve our ability to analyze situations, make predictions, and ultimately make better decisions. Mental models come in all shapes and sizes, from simple heuristics to complex theories. They are like tools in a toolbox, each serving a different purpose and helping us navigate different types of problems. By actively seeking out different mental models and incorporating them into our thinking, we can gain a more comprehensive and nuanced understanding of the world. Having a diverse set of mental models at our disposal allows us to see connections and patterns that might not be imm...
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