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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The Weird Psychology of Communication, Self-control, and Gossip: What evolution teaches us about communicating your needs clearly

The Weird Psychology of Communication, Self-control, and Gossip: What evolution teaches us about communicating your needs clearly

In the noble quest to understand our minds, today we take a new angle. We track how grunts turned into gossip, myths, and the weird human habit of blushing when we screw up. You’ll see why your brai...

17 Feb 39min

Hidden Potential: The Psychology of self-sabotage and changing what's possible - Heather Moyse (2x Olympic Gold)

Hidden Potential: The Psychology of self-sabotage and changing what's possible - Heather Moyse (2x Olympic Gold)

We all love the idea of “potential” until it quietly turns into pressure, guilt, and a weird fear of actually trying. Heather Moyse didn’t start professional sport until 27 and still became a double ...

13 Feb 53min

The Feynman Technique: The 4 Steps to Learn and Master Anything

The Feynman Technique: The 4 Steps to Learn and Master Anything

Most people “learn” by hoarding facts, which doesn't mean you understand them. Then you forget them all anyway... In this episode, learning stops being about cramming and starts being about curiousit...

10 Feb 20min

How to Stop Wasting Time with the Wrong People - Emotional maturity with Jonathan Aslay

How to Stop Wasting Time with the Wrong People - Emotional maturity with Jonathan Aslay

Most people treat dating like a lottery; swipe, hope, repeat. Jonathan Aslay lost $2 million, his marriage, and his son. What saved him wasn't positive thinking. It was asking one brutal question: "W...

3 Feb 36min

Surrounded by Conformists: How to spot the 5 types of NPC and think your own thoughts - [Psychology of non-player characters]

Surrounded by Conformists: How to spot the 5 types of NPC and think your own thoughts - [Psychology of non-player characters]

The algorithm doesn't want you to think; it wants you to react. It wants you to be a character in its story, following a predictable path of outrage and agreement. We are living through a shift where...

27 Jan 42min

How To Build Free Will

How To Build Free Will

Free will sounds easy until you look closely. Then it turns out to be smaller, stranger, and far more difficult than advertised. We take a cheerful scalpel to the idea that we’re the conscious captain...

20 Jan 53min

5 Surprising Truths About Independence and Being Yourself: What really impacts who you are

5 Surprising Truths About Independence and Being Yourself: What really impacts who you are

The idea that you are a blend of the 5 people you spend time with has a dangerous side. In fact, it's not exactly true. In this episode, I break down why the Growth Mindset is actually about autonomy...

16 Jan 20min

Life's Infinite Games: How to play by your own rules

Life's Infinite Games: How to play by your own rules

What if the game you're playing isn't yours? Every moment of your life, something is at stake. Ignore your partner, they feel less loved. Choose status over meaning, you'll need a therapist. We inhe...

13 Jan 23min

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