How to Build Worldly Wisdom - The Greatest Mental Models of Charlie Munger

How to Build Worldly Wisdom - The Greatest Mental Models of Charlie Munger

Practical Psycholgoy lessons from Warren Buffet's business partner. Ideas used to create rational thinking and build a Trillion-Dollar empire. Today we dissect the best lessons from "Poor Charlies Almanac" A blueprint for rational thinking and sensible investing. Charlie Munger loved Psychology and wanted there to be a course on Practical Psychology to be taught at all universities. He believed it would make the world a better place. His book combines his favourite tools from psychology as well as other lessons and mental models he found to build worldly wisdom and the best investing record in history. Upgrade to Premium: 🏖️ Ad-free listening 🤘 Support the show 🔓 Exclusive AMAs and bonus content 💬 Community Discord GrowthMindset.Supercast.com Related Episodes: Greatest Mental Models of Jeff Bezos: Principles behind his success - 24th May 2024 Thinking Fast and Slow: Where Biases come from - 12th July 2024 Ego Blindspots: 9 Cognitive Biases to avoid - 7th May 2024 Meet Sam Free Call - Schedule Link Growth Mindset Psychology: Sam Webster explores the psychology of happiness, satisfaction, purpose, and growth through the lens of self-improvement. Watch - YouTube (Growth Mindset) Website - GrowthMindsetPodcast.com Chapters: 00:00 Introduction to Mastering Wisdom 00:23 Charlie Munger's Influence 01:13 The Growth Mindset Psychology Podcast 02:07 Exploring Poor Charlie's Almanac 03:54 #1 - Interdisciplinary Thinking 06:40 Understanding Circle of Competence 07:50 Opportunity Costs in Decision Making 08:45 The Inversion Principle 11:39 #2 - Cognitive Biases 12:47 Confirmation Bias and Clear Thinking 14:34 Authority Bias and Independent Thought 16:26 Social Proof and Individuality 17:51 Arguing Against Your Own Beliefs 18:49 # Weaknesses 19:20 Lack of Emotion and suspension of belief 20:41 Binary thinking and Fixed Mindset 21:30 Arrogance and assumption that others are stupid 25:46 #3 - Rational Decision Making 26:59 First Principles Thinking 28:47 Probabilistic Thinking and Risks 30:22 The Margin of Safety 31:37 Chauffeur Knowledge vs. True Understanding 33:51 Applying Mental Models in Real Life 34:39 Sharing Wisdom and Building Community Learn more about your ad choices. Visit podcastchoices.com/adchoices

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34 Unconventional Life Lessons That Changed My Definition of Success

34 Unconventional Life Lessons That Changed My Definition of Success

Beyond money, status, and attractive partner where do we find meaning, and happiness? Across 34 unconventional life lessons, we explore the inner machinery behind a meaningful life: why status can be...

22 Syys 37min

Why So Many People Secretly Struggle With Porn Addiction

Why So Many People Secretly Struggle With Porn Addiction

An honest conversation on addiction, depression, and identity with recovery coach Powerful Eric. This week we talk about the strange modern epidemic of porn addiction, an affliction so quietly widesp...

18 Syys 49min

Psychology of Mistakes: 7 Lazy Thinking Habits You Don't Notice You Have

Psychology of Mistakes: 7 Lazy Thinking Habits You Don't Notice You Have

Human beings, it turns out, are magnificently good at fooling themselves. Sadly the mind has developed an elaborate way of hiding our worst thinking mistakes from us. Our shortcut-taking so instincti...

15 Syys 32min

8 Questions I asked Myself after 30

8 Questions I asked Myself after 30

The World Record Breaking Jack Cai is back on the show. Asking Sam some of the deep life questions he asks himself a lot. To say this was a discussion on a single topic that stayed focused would be a...

11 Syys 25min

How To Solve Complex Problems

How To Solve Complex Problems

This episode asks a simple question: what if the way forward isn't a bigger vision, but a smaller unit of thought? We trace this idea through history, biology, and the quiet architecture of the mind, ...

8 Syys 33min

How to Shift Your Mindset and Take Control of Your Life - w/ Kyle Livingston

How to Shift Your Mindset and Take Control of Your Life - w/ Kyle Livingston

Scarcity whispers that there isn't enough. Ego insists you deserve more anyway. Abundance is the quiet third option nobody mentions. Most of us were handed scarcity as a default setting. This episode...

4 Syys 49min

7 Painful Paradoxes of Self-Improvement (And what they teach us)

7 Painful Paradoxes of Self-Improvement (And what they teach us)

You know that feeling when you try so hard to seem normal that you become a weirdo? Self-improvement works the exact same way. The more you chase happiness, the further it runs. The more validation y...

1 Syys 29min

Seeking Difficulty: The Habit System Behind Three World Records and a Remarkable Life – Jack Cai

Seeking Difficulty: The Habit System Behind Three World Records and a Remarkable Life – Jack Cai

What if the thing you're avoiding is exactly what you should pursue? Jack Cai broke three world records solving Rubik's Cubes blindfolded, for teh same reason America suppsoedly went to the moon. "N...

28 Elo 46min

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