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You've got to have models in your head and you've got to array you experience - both vicarious and direct - onto this latticework of mental models.
—Charlie Munger
Wisdom Theory
5,035 posts
Wisdom Theory
@wisdom_theory
Think better. Mental models, decision making, and worldly wisdom. gum.co/100MM
Joined February 2020
- Daniel Kahneman, who changed psychology and economics forever, dies at 90. Thanks for everything. We remember him in 10 great quotes:
- Employee: 1 , 1 , 1 , 1 , 1 , 1 , 2 , 2 , 2 , 2 Investor: 1 , 1 , 2 , 4 , 3 , 6 , 5 , 9 , 14 , 16 Entrepreneur: 0 , -2 , -6 , 2 , 1 , 4 , 8 , 12 , 22 , 44
- To learn economics study psychology.
- Replying to @navalIf you have a garden and a library, you have everything you need. — Cicero
- You don't need a website, or a business plan, or investors, or an office, not even a business name. You need a client.
- The easiest way to change people's behaviour is to change their environment. — Daniel Kahneman
00:00 - The world is not driven by greed, it's drive by envy. — Charlie Munger
00:00 - Train the body to calm the mind.
- Replying to @wisdom_theoryA reliable way of making people believe in falsehoods is frequent repetition, because familiarity is not easily distinguished from truth.
- You play better when you forget the scoreboard.
- Risk pays better than hope. — Knut Wicksell
- When you have trial and error you outperform someone who knows because convexity matters a lot more than knowledge. — Nassim Taleb
00:00 - Replying to @wisdom_theoryNothing in life is as important as you think it is while you are thinking about it.
