How did Munger become the sage that he was? Being a voracious reader played a significant role. Munger viewed reading as necessary for developing wisdom: “In...
Given Berkshire Hathaway’s great success, you’d think that Munger and Buffett had an uncanny ability to predict the future. The opposite is true: A pillar of...
Munger cautioned against having an opinion unless you are fully educated on all sides of the issue, which is a specific application of the concept of...
“Invert, always invert.” – Carl Jacobi, 19th century mathematician A compelling mental model Munger espoused is inversion, based on Jacobi’s belief that a powerful way to...
Munger pioneered the concept of mental models, which are conceptual structures that help us understand how the world works. They are bits of knowledge or wisdom...
