Saved by Marcel Mairhofer
Two Types of Knowledge: The Max Planck/Chauffeur Test
You may have noticed students who just try to remember and pound back what is remembered. Well, they fail in school and in life. You've got to hang experience on a latticework of models in your head. What are the models? Well, the first rule is that you've got to have multiple models— because if you just have one or tw... See more
Charlie Munger • A Lesson On Elementary, Worldly Wisdom As It Relates To Investment Management & Business – Charles Munger, USC Business School, 1994
It's not given to human beings to have such talent that they can just know everything about everything all the time. But it is given to human beings who work hard at it—who look and sift the world for a mispriced be—that they can occasionally find one. And the wise ones bet heavily when the world offers them that opportunity. ... See more
Charlie Munger • A Lesson On Elementary, Worldly Wisdom As It Relates To Investment Management & Business – Charles Munger, USC Business School, 1994
The economist, philosopher, and writer Henry Hazlitt sums up the dilemma: In the modern world knowledge has been growing so fast and so enormously, in almost every field, that the probabilities are immensely against anybody, no matter how innately clever, being able to make a contribution in any one field unless he devotes all his time to it for ye... See more
Shane Parrish • The Generalized Specialist: How Shakespeare, Da Vinci, and Kepler Excelled
Every statistic you come across, everything you read in a textbook, everything you learn from parents or teachers, everything you see or read in the news or on social media, every tenet of conventional wisdom—it’s all indirect knowledge. That’s why perhaps the most important skill of a skilled thinker is knowing when to trust.