Mungerisms • Charlie Munger Bot

When asked: "How do you get worldly wisdom? What system do you use to rise into the tiny top percentage of the world?" --- Get the 100 Mental Models Program: gumroad.com/a/743273587/AxfY…

"Then there's another model from microeconomics that I find very interesting: competitive destruction. You know, you have the finest buggy whip factory, and, all of a sudden, in comes this little horseless carriage." - Munger 100 Mental Models Program: gumroad.com/a/743273587/AxfY…

"And when you're an early bird, there's a model that I call "surfing" - when a surfer gets up and catches the wave and just stays there, he can go a long, long time. But if he gets off the wave..." - Charlie Munger Get the 100 Mental Models Program: gumroad.com/a/743273587/AxfY…

"In a long life, you can expect to profit heavily from at least a few of those opportunities if you develop the wisdom and will to seize them. At any rate, "surfing" is a very powerful model." - Charlie Munger Get the 100 Mental Models Program: gumroad.com/a/743273587/AxfY…

"It's like the old saying: To the man with only a hammer, every problem looks like a nail. But that's a perfectly disastrous way to think and operate in the world." - Charlie Munger Get the 100 Mental Models Program: gumroad.com/a/743273587/AxfY…

"Which models are most reliable? Well, obviously, the models that come from hard science and engineering are the most reliable models on this Earth." - Charlie Munger Get the 100 Mental Models Program: gumroad.com/a/743273587/AxfY…

"The engineering idea of a backup system is a very powerful idea The engineering idea of breakpoints - that's a very powerful model, too The notion of a critical mass - from physics - is a very powerful model" - Munger Get the 100 Mental Models Program: gumroad.com/a/743273587/AxfY…

"Another advantage of scale comes from psychology. The psychologists use the term "social proof". We are all influenced - subconsciously and, to some extent, consciously - by what we see others do and approve." Get the 100 Mental Models Program: gumroad.com/a/743273587/AxfY…

"Eighty or ninety important models will carry about ninety percent of the freight in making you a worldly-wise person. And, of those, only a mere handful really carry very heavy freight" Get the 100 Mental Models Program: gumroad.com/a/743273587/AxfY…

BRANCHES OF KNOWLEDGE - Philosophy - Mathematics - Physics - Statistics - Engineering - Chemistry - Biology - Psychology - Economics - History Get the 100 Mental Models Program! gumroad.com/a/743273587/AxfY…

Mathematics is the basis of the known world. From it arises physics, chemistry, statistics, and engineering. From them emerges biology, which shapes psychology, which defines economic decisions. Finally, history. Get the 100 Mental Models Program: gumroad.com/a/743273587/AxfY…

"You have to learn all the big ideas in the key disciplines in a way that they’re in a mental latticework in your head and you automatically use them for the rest of your life." - Charlie Munger Get the 100 Mental Models Program: gumroad.com/a/743273587/AxfY…

If all you have is a hammer, everything looks like a nail. – Abraham Maslow Get the 100 Mental Models Program: gumroad.com/a/743273587/AxfY…

If our small minds, for some convenience, divide this universe, into parts - physics, biology, geology, astronomy, psychology, and so on- remember that nature does not know it! — Richard Feynman The world is holistic. Get the 100 Mental Models Program: gumroad.com/a/743273587/AxfY…

In any situation or event, we will not only have our specific glasses, but we must also have the glasses of the other fields, of the rest of the fields, through the knowledge of the great ideas of each science. Get the 100 Mental Models Program: gumroad.com/a/743273587/AxfY…

Ben Graham was so academic that when he graduated from Columbia, three different academic departments invited him into their Ph.D. programs and asked him to start teaching immediately: [those three departments being] literature, Greek and Latin classics, and mathematics.

You’ve got to have models in your head and you’ve got to array your experience - both vicarious and direct - onto this latticework of mental models. — Charlie Munger Get the 100 Mental Models Program: gumroad.com/a/743273587/AxfY…

It is important to have a mental map of the sciences, from the purest to the humanities. The soft ones cannot contradict the purer ones. Chemistry, biology, or economics cannot contradict the ideas of mathematics and physics. 100 Mental Models Program: gumroad.com/a/743273587/AxfY…

PHILOSOPHY MODELS - The meaning of life - Stoicism - Cave of Plato - Golden Rule - Constructivism Get the 100 Mental Models Program: gumroad.com/a/743273587/AxfY…

STOICISM Stoicism proclaims that freedom and tranquility can be achieved only by being oblivious to material comforts, external fortune, and dedicating oneself to a life guided by the principles of reason and virtue. Get the 100 Mental Models Program: gumroad.com/a/743273587/AxfY…