How to avoid terrible decisions

Charlie Munger was a businessman, and Warren Buffet’s long - time business partner at Berkshire Hathaway. He was widely known for his approach to investing, and was considered instrumental in the company’s success.

He was widely read, and used many mental models for his decisions. Mental models are concepts which help us understand & simplify the world.

In 1995 at Harvard University, he delivered a speech. It was a potent masterclass in the different ways we make thinking errors.

If you truly want to improve your thinking skills, I 100% recommend you listen to it. I’ve provided a link at the end of this article.

My intent here is to not make you memorize all of these errors. Instead, it is to give you a small introduction to one of the best thinkers of our times.

Go through the infographic. See if something catches your attention. Dive deeper. Start using it in your life.

Come back again, and repeat the process.

That’s it!!

I hope this concept helps you become a better thinker . If you found this helpful, share with someone who will benefit.

Further reading:

• The Psychology of Human Misjudgement - Charlie Munger Full Speech

• Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger