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Makes You Think
This gives you some real decision-making power: It tells you about the limits of what you know and the limits of what you should attempt. It tells you, in an imprecise but useful way, a lot about how smart or stupid your decisions were regardless of the actual outcome. It makes you aware of your process, so that even if the results are good, you ca
... See moreRhiannon Beaubien • The Great Mental Models Volume 1: General Thinking Concepts
14 more ideas from Buffett and Munger I don’t want to forget:
1. The one thing that has surprised me all my life is how many people with high IQs do massively stupid things.
2. Berkshire was a small business at one time. It just takes time. It is the nature of compound interest. You can't build it in one day, or one week.
3. Unfortunately, Bert... See more