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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Who are you VS. Who do you want to be? - How to align your actions with your desires

Who are you VS. Who do you want to be? - How to align your actions with your desires

We can try all the things: new habits, different mindsets, therapy, medication, or god save us... self-help books. Yet to no ones surprise: we don't wake up a different person, we don't start doing ...

21 Marras 202520min

The Hidden Psychology of Black Friday - How do shops manipulate us (and make calm aunties fist-fight over PlayStations)?

The Hidden Psychology of Black Friday - How do shops manipulate us (and make calm aunties fist-fight over PlayStations)?

Inner Peace vs Retail Rage - How do shops design our experience to remove our decisions and make us to FOMO into all sorts of weird situations? This episode peels back the slick banners and countdo...

18 Marras 202528min

Systems Thinking: How to understand the deeper reality of the world around us

Systems Thinking: How to understand the deeper reality of the world around us

Most problems in the world aren't random accidents, they're built into the systems we live in. When we look closer we find systems all around us drive the currents that change the world. Systems Th...

14 Marras 202533min

Die With Zero Regrets - Stoic ideas to make the most of your life

Die With Zero Regrets - Stoic ideas to make the most of your life

What if “enough” wasn’t a number — but a moment? This conversation explores the quiet art of leaving nothing essential undone. We talk about the trap of “more” — more savings, more time, more plannin...

11 Marras 202535min

The Psychology of Podcasting: Lessons in self actualisation, intrinsic motivation  and how to enjoy yourself - w/ Paul Davies

The Psychology of Podcasting: Lessons in self actualisation, intrinsic motivation and how to enjoy yourself - w/ Paul Davies

99% of podcasters quit before episode 20. Why do 1% keep going... and what does it teach us about ourselves? Paul Davies interviews Sam on the psychology of motivation, self-determination, signalling...

7 Marras 202554min

How to Defeat Your Shadow Life and Face Your Calling: Lessons from Turning Pro by Steven Pressfield,

How to Defeat Your Shadow Life and Face Your Calling: Lessons from Turning Pro by Steven Pressfield,

What if the life you're living is just a metaphor for the life you're meant to live? Pressfield kept his typewriter buried under spare parts in his truck. He knew it was there. Thought about it const...

4 Marras 202530min

Tips on Getting Better Today Than Yesterday - w/ Olympic Coach Frank Dick OBE

Tips on Getting Better Today Than Yesterday - w/ Olympic Coach Frank Dick OBE

What if winning isn't a destination? What if it's the quiet act of becoming slightly better than you were when the sun rose this morning? Frank Dick spent five decades asking "How do we help people s...

31 Loka 202524min

Moments Where Character Forms: Stop being a Victim and build a Victor Mindset - w/ Olympic Coach Frank Dick OBE

Moments Where Character Forms: Stop being a Victim and build a Victor Mindset - w/ Olympic Coach Frank Dick OBE

Ever notice how the people who never mess up also never win big? Frank Dick, the legendary British Olympic coach who led Team GB through its golden era, calls this "the risk of winning." For over 50 ...

28 Loka 202522min

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