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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Jaksot(516)

Chemistry Isn’t Compatibility: How to Choose Better Partners in Love and Work - w/ Matt Higgins

Chemistry Isn’t Compatibility: How to Choose Better Partners in Love and Work - w/ Matt Higgins

The psychology of healthy relationships: hidden rules behind better marriages, better teams, and better choices. In this episode, I sit down with legendary investor Matt Higgins to dissect the psycho...

10 Huhti 23min

The Psychology of What Matters: How to Stop Wasting Time

The Psychology of What Matters: How to Stop Wasting Time

A psychological guide to choosing priorities, resisting urgency, and spending time well. Time is the universe’s most brilliant and inescapable invention, relentlessly marching forward whether you are...

7 Huhti 23min

The Neuroscience of Growth Mindset: How to rewire your brain

The Neuroscience of Growth Mindset: How to rewire your brain

The human brain is a wonderfully absurd little organ. It powers civilization, invents jazz, and still somehow convinces you that being bad at something once, means you should never try again. In this...

31 Maalis 36min

Are You Thinking Your Thoughts, Or Are They Thinking You?

Are You Thinking Your Thoughts, Or Are They Thinking You?

You like to think of yourself as someone who thinks for themselves. But what if the ideas running through your head aren't really yours — what if they found you, infected you, and quietly rewrote your...

24 Maalis 34min

The Psychology of Never Feeling Good Enough (Even When You Clearly Are)

The Psychology of Never Feeling Good Enough (Even When You Clearly Are)

Hedonic adaption busily sweeps our wins under the rug like they are a nuisance. We look at how to fight back against your own psychology. I once ran further than 99.9% of humans ever will. Then wen...

20 Maalis 23min

7 Weird Life-Changing Skills that are Strange to Work On

7 Weird Life-Changing Skills that are Strange to Work On

Nobody tells you that curiosity is a skill. Or that humor can be built. Or that the way you think is quietly deciding everything. Most of us are running on borrowed opinions — System One thinking dre...

17 Maalis 59min

Why Having a Backup Plan Is Making You Fail - Burn the boats with Matt Higgins

Why Having a Backup Plan Is Making You Fail - Burn the boats with Matt Higgins

In 1519, Hernán Cortés landed in Mexico and promptly set fire to his own fleet. By any conventional measure of military logistics, this seems profoundly counterproductive. It wasn't. Matt Higgins — S...

13 Maalis 44min

Why You Have Great Ideas but Never Actually Do Anything With Them

Why You Have Great Ideas but Never Actually Do Anything With Them

We are spectacularly good at having ideas and remarkably reluctant to do anything with them. It turns out that the distance between "I've got it!" and "here it is" is not a step but a rather long, oc...

10 Maalis 22min

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