On November 28, 2023, the world lost a mental giant. When he passed, Charlie Munger was a couple of months shy of his 100th birthday. It was a long life, filled with exploration, learning, and wit. Of all the things Munger did in his life, one of his most impactful was passing on wisdom to others.
Mungerisms: Memorable Thoughts and Quotes from a Mental Giant Read More »
Using role models effectively can fast-track our personal growth. We are social creatures who learn from our tribe members; when we see others who are successful, we strive to emulate them in the hopes that we too can experience success. Conversely, we shy away from what the troubled members do for fear of falling into their same misfortunes. But like anything, we can take this practice too far.
How to Effectively Use Role Models Read More »
Inversion is a powerful concept that changes our perspective. From a different vantage point, we see things in a new light. Obstacles are removed from our path. It often doesn’t suffice to only think about complex problems in one way; instead, they require us to think about them both forwards and backwards. Carl Gustav Jacob
Inversion: The Value of Changing Perspective Read More »
While a large circle of competence might indicate intelligence, knowing exactly where the boundary of the circle is exemplifies wisdom. As such, knowing the locations of the boundary of the circle trumps the size of the circle. That doesn’t mean we cannot grow our circle. But we should stay within our circle of competence to improve our chances of making good decisions.
Circle of Competence: Stick to What You Know Read More »