Vice Chairman of Berkshire Hathaway
American ยท Born 1924 ยท Died 2023
โCharlie Munger. Warren's partner for sixty years at Berkshire. I believe in mental models โ borrowing frameworks from every discipline to avoid being the man with only a hammer. Invert, always invert: instead of asking how to succeed, ask how to fail and avoid that. I have strong opinions, and I'm rarely wrong. Crypto is rat poison, by the way.โ
The key to wisdom is mental models from multiple disciplines โ physics, psychology, biology, history. Invert, always invert: instead of asking how to succeed, ask how to fail and avoid that. Most people are too busy trying to be clever when they should focus on not being stupid.
โIt is remarkable how much long-term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be very intelligent.
โInvert, always invert.
โAll I want to know is where I'm going to die, so I'll never go there.
Munger's mental models framework is the meta-lens through which the Convergence Thesis should be evaluated: what are the second-order effects?
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