Updates

  1. Person pages list letters, writing, profiles and links as sortable tables with filters, and show each person's companies as links; Fund letters show each letter's description in its own column.
  2. Experts show a checked job title and a short description of each person; 30 more people have photographs.
  3. Every company, fund, university and publication the experts work for has a page listing the people there.
  4. Fund letters show each letter's thesis and filter by it; 225 person pages list the essays, columns and newsletter issues the person wrote.
  5. Person pages list every essay and newsletter issue a person wrote, and their own books as a table in List view.
  6. Recommends shows the five largest kinds of book and the rest under More; browse pictures load sooner.
  7. Podcasts and talks link the original episode, filter by Audio and video or Press, and list each publisher once.
  8. Pages are wider, Recommends has List and Grid, and a filter clicked again turns off.
  9. Book cards sit in a ruled grid with Open Library and Goodreads links and each book's one-line note.
  10. Funds is now Investors; each investor's styles are buttons that filter the table.
  11. Podcasts and talks on a person's page filter by year and publisher and show as a list or a grid of pictures.
  12. Quotes show only people's own words: 472 summaries written by list sites are gone.
  13. Country pages open from Browse again, and every link on the shelf lands on a page.
  14. Subject and person pages show their sections as tabs, and each book appears once on a person's page.
  15. Book cards show the quote, who said it and the source; grids show five cards to a row.
  16. On a phone, a menu holds the sections, search, Updates, Feedback and dark mode.
  17. Feedback takes a screenshot of the page with no browser prompt, opens a screenshot full size when you click it, and clears itself once sent.
  18. Book cards are centred, search names the topic each book sits in, and any text cut short shows whole on hover.
  19. Search groups its results by kind: people, companies, geographies, subjects, topics, books, funds, fund letters and papers.
  20. The Books table lists who recommended each book by name, and the browser tab names the section you are in.
  21. Feedback can take a screenshot of the page, or one you paste or choose, and opens in the corner beside Updates.
  22. Each rail button reopens its section where you left it, and Browse, Table and People show on every book and subject page.
  23. Filters grey out choices that hold nothing instead of hiding them, and Books › People filters by authors or recommenders.
  24. Feedback takes a subject line and up to three screenshots.
  25. Biographies are grouped by the person they are about: 41 new pages, from Abraham Lincoln to Lee Kuan Yew.
  26. Sport splits into 23 sports, and Religion into one topic per faith.
  27. Book lists show as cards: the cover, one recommendation quote and every recommender by name.
  28. Seventeen subjects that had two or three pages under different names now have one page each.
  29. Every page lists its Experts as authors and recommenders, with a link to them on the Experts tab.
  30. Economics, Financial history, Financial panics and Accounting are subjects of their own, with one page per financial crisis.
  31. Book, person and subject pages open inside the app, so the tabs stay in view.
  32. 996 more book covers, and photographs or logos for 227 more people and companies.
  33. Books › Browse shows every subject as cards, and the rail holds Fund letters, Papers, Experts, Books and Funds.
  34. Every topic over 150 books splits into narrower topics, each with a page of its own.

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Incentives

Mental models

Munger's observation that incentives do more than tempt - they quietly reshape what people sincerely believe, which is why the broker recommending the churn would pass a polygraph. The move is to audit the payoff structure behind every recommendation, forecast and fee before weighing its content. Sincerity is no defence; read the compensation tables the way others read the CEO letter.

Books 13Experts 4Recommenders 67Resources 4

Start here

  1. FreakonomicsSteven D. Levitt, Stephen J. Dubner, 2005
  2. Poor Charlie's AlmanackCharles T. Munger, Peter D. Kaufman, 2005
  3. The OutsidersWilliam N. Thorndike, 2012
FreakonomicsFreakonomics
T1 Freakonomics
Steven D. Levitt, Stephen J. Dubner · 2005
Open LibraryGoodreads

Incentives and data applied to cheating teachers, sumo wrestlers and other puzzles.

Recommended by: Mohnish Pabrai, Andrew Lokenauth and 6 others

Poor Charlie's AlmanackPoor Charlie's Almanack
T1 Poor Charlie's Almanack
Charles T. Munger, Peter D. Kaufman · 2005
Open LibraryGoodreads

Speeches making the case for a latticework of mental models from many fields.

“…books I've recommended, highlighted to death, or forced on friends.” — Andrew Wilkinson

Source: Andrew Wilkinson's Bookshelf, neverenough.com

Recommended by: Andrew Wilkinson, Charlie Munger and 26 others

The OutsidersThe Outsiders
T1 The Outsiders
William N. Thorndike · 2012
Open LibraryGoodreads

Eight CEOs who beat the market by allocating capital, not by running operations.

“…books I've recommended, highlighted to death, or forced on friends.” — Andrew Wilkinson

Source: Andrew Wilkinson's Bookshelf, neverenough.com

Recommended by: Andrew Wilkinson, Dan Loeb, Francois Rochon and 12 others

BehaveBehave
T1 Behave
Robert M. Sapolsky · 2017
Open LibraryGoodreads

Explains an action by tracing its causes back from neurons to hormones to evolution.

“…books I've recommended, highlighted to death, or forced on friends.” — Andrew Wilkinson

Source: Andrew Wilkinson's Bookshelf, neverenough.com

Recommended by: Andrew Wilkinson, Bill Gates, Bryan Johnson and 5 others

Economics, Organization and ManagementEconomics, Organization and Management
T2 Economics, Organization and Management
Paul Milgrom, John Roberts · 1992
Goodreads

How firms are organised, using agency, contracts and transaction-cost economics.

The Moral AnimalThe Moral Animal
T2 The Moral Animal
Robert Wright · 1994
Open LibraryGoodreads

Evolutionary psychology explained through Darwin's own life and behaviour.

Recommended by: Mohnish Pabrai, Ryan Holiday, Morgan Housel and 2 others

Seeking Wisdom: From Darwin to MungerSeeking Wisdom: From Darwin to Munger
T2 Seeking Wisdom: From Darwin to Munger
Peter Bevelin · 2003
Open LibraryGoodreads

Builds out Munger's latticework idea from primary sources.

“…books I've recommended, highlighted to death, or forced on friends.” — Andrew Wilkinson

Source: Andrew Wilkinson's Bookshelf, neverenough.com

Recommended by: Andrew Wilkinson, Nat Eliason and 8 others

DriveDrive
T2 Drive
Daniel H. Pink · 2009
Open LibraryGoodreads

Rewards work for routine tasks; creative work runs on autonomy, mastery and purpose.

“In his excellent book, Drive, Dan Pink distinguishes between algorithmic tasks and heuristic tasks.” — Michael Mauboussin

Source: Blaming the Rat: Incentives, Motivation, and How They Interact (Legg Mason Capital Management)

Recommended by: Michael Mauboussin, Mohnish Pabrai and 3 others

SuperFreakonomicsSuperFreakonomics
T2 SuperFreakonomics
Steven D. Levitt, Stephen J. Dubner · 2009
Open LibraryGoodreads

Sequel applying incentive analysis to climate, crime and altruism

“I recommend this book to anyone who reads nonfiction. It is very well written and full of great insights.” — Bill Gates

Source: Gates Notes review of SuperFreakonomics

Recommended by: Bill Gates, Mohnish Pabrai

Skin in the GameSkin in the Game
T2 Skin in the Game
Nassim Nicholas Taleb · 2018
Open LibraryGoodreads

Incerto volume 5

Recommended by: Nat Eliason, Ana Fabrega, Ben Horowitz and 12 others

Explaining Social BehaviorExplaining Social Behavior
T3 Explaining Social Behavior
Jon Elster · 2007
Open LibraryGoodreads

Elster on mechanisms rather than laws in the social sciences

Recommended by: Mohnish Pabrai, Nassim Nicholas Taleb

The Myth of the Rational VoterThe Myth of the Rational Voter
T3 The Myth of the Rational Voter
Bryan Caplan · 2007
Open LibraryGoodreads

Voters hold systematic biases about economics, so democracies choose bad policies.

“The median American is a moderate national socialist – statist to the core on both economic and social policy.” — Marc Andreessen

Source: @pmarca, 'Thread: Books I've recently read and recommend'

Recommended by: Marc Andreessen, Patrick Collison

Gang Leader for a DayGang Leader for a Day
T3 Gang Leader for a Day
Sudhir Venkatesh · 2008
Open LibraryGoodreads

Sociologist embedded with a gang; an informal economy's incentive structure

Recommended by: Mohnish Pabrai, Mark Zuckerberg

More mental models

← Hanlon's RazorIntrinsic Value →All mental models