Instead of asking how an investment wins, list what would guarantee it loses - fraud, leverage, obsolescence, a price that assumes perfection - and check each against the facts. Munger attacks hard problems backward, a habit he credits to the mathematician Jacobi. In practice this is the pre-mortem: assume the position is worthless in ten years and write down why.
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
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
Synthesis of his mental-models framework, not a life.
“…books I've recommended, highlighted to death, or forced on friends.” — Andrew Wilkinson
Source: Andrew Wilkinson's Bookshelf, neverenough.com
Recommended by: Andrew Wilkinson, Christopher Bloomstran and 7 others
A working catalogue of 99 cognitive errors, organized so you can actually use it. Less academic than Kahneman, more encyclopedic than Duke. The format — one bias per short chapter — makes it useful as a pre-mortem checklist before consequential decisions.
Recommended by: Mohnish Pabrai
Charlie Mungerrecommends 2 books here
Sam Altmanrecommends 1 book here