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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From Escaping the Holocaust to Building a Billion Dollar Empire - The Life and Mindsets of Dame Stephanie Shirley

From Escaping the Holocaust to Building a Billion Dollar Empire - The Life and Mindsets of Dame Stephanie Shirley

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Lessons, Paradoxes and Hard Questions For Building an Authentic Life

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We chase alignment with our purpose, values, passions but can sometimes get a little lost on the way. Life has a scary habit of passing us by in a rush and Sam has just turned 35 years old and feelin...

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12 Questions For Meaningful Relationships - How to go deep w/ Topaz Azides

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You know that Stupid questions = Stupid answers. It's the same for boring questions. If you want to live a meaningful life with space for personal growth and connection with those around you. The ans...

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A Curios Thing About Your Ego (and 3 ways to turn it down)

A Curios Thing About Your Ego (and 3 ways to turn it down)

The ego is more unruly than you think. We dissect how it works and how to make it work for you. When you don't watch it carefully your brain will trick you into thinking it knows things it doesn't....

23 Syys 202516min

How to Cultivate Awareness and Self-Control to Overcome Addiction - w/ Jeremy Lipkowitz

How to Cultivate Awareness and Self-Control to Overcome Addiction - w/ Jeremy Lipkowitz

Ever felt like you're fighting a losing battle with your own brain? Addictions are like that. We learn the mindsets and psychology to build self-awareness and take control of your decisions and behavi...

19 Syys 202552min

How to Teach a Growth Mindset to Children (and to yourself)

How to Teach a Growth Mindset to Children (and to yourself)

You want your kid to magically become some badass, challenge-eating machine? Lectures don’t work, praise gets boring, and perfectionism is just another word for control freak. We dive into the realit...

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Ever felt like life’s locked you in a box and thrown away the key? Tom Davies (GeoWizard) knows the feeling—and he picked the locks with curiosity and a pinch of madness. This isn’t your standard sel...

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The Hidden Connections Between Movement and Mental Strength You Need To Know

The Hidden Connections Between Movement and Mental Strength You Need To Know

Freedom doesn’t arrive when you finally “figure it all out”—it arrives the moment you move.We’ve built mental walls around the idea that creativity is genetic and strength is inherited. But imagine a ...

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