Munger points out that if you don’t master the “multidisciplinary” approach of such “mental constructs”, you will remain in the “middle ranks” or “shallows” in life. Forming this latticework is important no matter your stage of life, context, or future goals as it helps sharpen your thinking and decision-making. I figured there is no “full set” of these mental models (he does say he has roughly 80-90 of them in … Having these mental models in your head is like a bag of lego blocks which you can use to build your own decision-making framework and discover new insights on how the world really works. Mental Models are simplified representations, concepts, and frameworks that allow us to quickly understand ourselves and our world. With a latticework of multiple models, a semblance of understanding can be attained of a system. This book examines how a latticework of mental models can contribute to long-term investment success. Latticework of Mental Models: Better Decisions, Better Investors Invert. Charlie Munger is one of the most famous investors and wealthiest individuals in the world, and also a staunch believer in the power of mental models. I think to myself: I need to read more and create a better list. On one corner there’s a table with three items on it: a box of board-pins, a matchbox, and a candle. Please let me know what you think in the comments or via DM on Instagram. Posts about Latticework of Mental Models written by ReginaMJKyle. We are continually adding new models and improved features to deliver more value and … What I have so far isn’t working. . You create a latticework (imagine a network) of mental models and thinking strategies from varying fields and industries that can help you with decision making. Like his 1994 lecture, Charlie goes into depth about the value of the latticework of mental models, and the potential worldly wisdom waiting to be acquired by the eager seeker. This works in creating a system, too. What we need is a latticework of mental models spanning many different domains of information and experience. It is not wise to apply the same mental model to every situation and find the right solution. Whenever I read (or re-read) something from Charlie where he’s talking about his Latticework of Mental Models I’ve always focused on the Models themselves. But I hope this latticework of mental models – spanning the models, their interactions, and many of the books in which you can find them – makes that hard work a little easier for you. ModelThinkers has taken a tested and powerful approach to thinking and creating success — Munger’s latticework of mental models — and made it accessible for everybody. Building a “Latticework” of Mental Models. Your task is to attach the candle to the wall, so the wax doesn’t drip onto the table. A latticework of mental models assists you in interacting with the world with better results. Continuing with the sieve analogy, a latticework of mental models may be understood as a tool in which if we put a problem and analyse through different perspectives, waste will pass through and a solution will emerge. As you can see below, 93% of those who answered our poll said yes. CHARLIE MUNGER: LATTICE WORK OF MENTAL MODELS (Math, Economics, Accounting & Engineering) Charlie talks during his 1994 speech at USC Business School about worldly wisdom, mental models and addresses them throughout other lectures, writings and video appearances in the past. A great way to... Find lollapaloozas. But there was one particular line in the 2007 version that stuck out as something really worth honing in on. Latticework of Mental Models Here is what Charlie Munger said on the importance of mental models in our lives… You must know the big ideas in the big disciplines, and use them routinely — … The person with a latticework of mental models knows a little about a lot. Most people with training and skills in a particular discipline or scope of proficiency know a lot about a little. Tools to create a latticework of mental models Physics Psychology Biology Math Philosophy History Sociology The latticework of mental models puts them in a form that we can use to analyze a wide variety of situations. Charlie Munger refers to a “latticework of about 100 mental models” that he and Warren Buffett credit for their successful investing. This is the value of putting the knowledge contained in mental models into a latticework.” The Great Mental Models, p. 35. The Lattice in Latticework of Mental Models. ***Personal Development Series: Updated Mental Models*** Brought to You by My Curated Information Blog, Create & Be Well One of the benefits mental models provide is a comprehensive perspective. Posted in: Uncategorized Filed under: Art of Thinking Clearly, Fundamental Attribution Error, Latticework of Mental Models, Michael Mauboussin, Rolf Dobelli, What You See Is All There Is Post navigation Latticework of Mental Models: Benford’s Law. Rather than… This latticework of mental models allows us to adjust our view of a challenge and make the best decision. Imagine this. We live in a world that is vastly older, bigger, and more complex than we are. Solve problems by finding ways to cause problems and learn to avoid them.
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