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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With over 300, 000 views, Charlie Munger : 100 Years of Wisdom Summed up in 20 Minutes

InvestorCenter
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His thought process is so clear even at his age, my mind monkey branches every few seconds.

VinayKumar-dbqz
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Great video, so true! Thank you for posting

frederickfrost
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6:14 the sentence was cut off mid way. Why?

candyfloss
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I haven't been able to really grasp the inversion concept he's talking about. Can someone explain it to me differently?

kitnoCC
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