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Charlie Munger: These 3 Simple Mental Models Helped Me Become a Billionaire
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Hey everyone! Today’s video is about Charlie Munger and the concept of mental models. Charlie Munger is one of my favorite investors to study. He is the Vice Chairman of Berkshire Hathaway, the conglomerate controlled by Warren Buffett; Buffett has described Munger as his closest partner and right-hand man. One of the most important things I have learned from Munger relates to the concept of mental models. Put simply, mental models are how we simplify complexity, why we consider some things more relevant than others, and how we reason. All of these things are critical to being a great investor. Here is Charlie Munger talking about the particular mental models he finds most useful and how you can apply them for success both in investing and life.
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