Charlie Munger: Mental Models for the Rest of Your Life

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Charlie Munger, the vice chairman of Berkshire Hathaway and one of the most successful investors ever, is said to have the best 30-second mind in the world. He goes from A to Z in one move. He sees the essence of everything before you can even finish the sentence.

How does he do it? Through observing reality and running it against his mental models. In this series of videos, you’ll learn some of the most important models which Charlie Munger uses, which he has talked about publicly. These mental models have helped Munger to conquer the stock market, but they are so diverse that they have applications within many other areas too. For example, they have allowed Munger to be a successful Chairman at a large hospital, and they have allowed him to overcome devastating personal losses.

The series will cover a total of 35 of Charlie’s mental models. He says he has some 100 models in his head at all times, but he also says that a few of them carry most of the freight. I think that we’ll cover the most important ones in this series, which will be divided into 7 parts, will 5 models in each one. The models will primarily be related to investing, but also to associated subjects such as economics, entrepreneurship & career. Hope you enjoy.

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Charlie Munger’s first five mental models:
00:00 Intro
02:20 The Swiss Army Knife Approach
05:44 Make Friends With the Eminent Dead
09:20 Invert, Always Invert
12:29 Compounding
15:01 Crush Your Cherished Beliefs

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My goal with this channel is to help you make more money and improve your personal finances. How to become a millionaire? There are many ways to get there – investing in the stock market, becoming a stock trader, doing real estate investing, or why not becoming an entrepreneur? But whether you are interested in how to invest in stocks or investing strategies for creating passive income with rental properties – I hope to be able to provide you with a solution (or at least an idea) here. Warren Buffett - the greatest investor of our time - says that you should fill your mind with competing ideas and then see what makes sense to you. This channel is about filling your mind with those ideas. And in the process – upgrading your money-making toolbox.

[InvestorCenter]

I have studied Charlie and Warren for the last five years and it has been so helpful. Without them, I never would have landed my job I have now working at a large investment fund. I owe any “success” I have to them

[ajatmitra]

Charlie Munger : Worldly Wisdom.
Ray Dalio : Principles.

Every successful person is essentially a great thinker.

[shakeib]

I have been struggling with my team of 15 people in office, as recently my responsibilities got expanded and I am working in the innovation dept as well. This video is the thing I needed to get a starting point.

[zumanahaseen]

1. Swiss Army approach to learning
2. Be careful of who you learn from
3. Invert, always invert
4. Compounding
5. Crush your cherished beliefs

[DBarnes]

Thank you for this series. I have come to find Charlie Munger to be the most straight to the point and real person when answering financial questions.

[Mene_Marry]

It isn't the learning that's so hard, it's the unlearning 🙂

[jasondupreez]

Love it. Thanks for the huge emphasis on Buffet and his team of patners. So much to learn from him and Charlie.!! Keep it up!

[BoykieMackay]

Excellent breakdown of Munger's Mental Models. I'm hooked. Ready for part 2 ...

[natpurdon]

Thank you so much, Swedish Investor. Looking forward to the next parts!

[sir_crab]

Superb, CANT wait to watch the other parts
Thank you

[dhananjaykrishna]

People worship Warren buffet, but then slowly realize Charlie Munger is the real deal.

[bethisway]

Very nice quality brotha. Love this one. Very clean and organize. Easy to understand.

[juliusarndt]

Thank you very much for your effort, it was very helpful for me! I would like to summarize the most important mental models for me from your series. A transcript would help me a lot. Would it be possible to post link to the transcript of each video?

[cz]

One of your best videos ever, great work! Thx

[drewsXRL]

Great work, Thanks for producing these :)

[andrewosburn]

As a Charlie Munger fanatic, this is my new favorite YouTube series. I’m already eager for part 2!

[gergelykovacs]

Can't wait for the next part. Cheers from Hungary.

[malmsteengreece]

Wait for the second part! It was very good

[sefonefinpsefnpefn]

best invest youtube video! I am currently reading poor charlie’s almanack. your video helps me to understand more deeply!

[benjamins]

Love this video, honestly all your videos. Is there a book you used to reference charlie's mental models?