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Two Types of Knowledge: The Max Planck/Chauffeur Test
“I’ve learned that your intuition about things you don’t know that much about isn’t very good,” Page said. “The way Elon talks about this is that you always need to start with the first principles of a problem. What are the physics of it? How much time will it take?
Ashlee Vance • Elon Musk: Tesla, SpaceX, and the Quest for a Fantastic Future
Peter Kaufman: How many people do you know that are constant at what they do? I know a couple. Warren Buffett and Charlie Munger. Everybody wants to be rich like Warren Buffett, Charlie Munger. I’m telling you how they got rich. They were constant. They were not intermittent.
Thomas Waschenfelder • The Most Powerful Force You Can Harness: Slow, Incremental, Constant Progress - Ideas of wealth cre — Wealest
Charlie Munger, Warren Buffett’s partner and vice chairman of Berkshire Hathaway, stresses the importance of having a broad theoretical toolbox – not to be a good academic, but to have a good, pragmatic grip on reality. He regularly explains to students which mental models have proven most useful to help him understand markets and human behaviour.
... See moreSönke Ahrens • How to Take Smart Notes: One Simple Technique to Boost Writing, Learning and Thinking – for Students, Academics and Nonfiction Book Writers
If you want to get smart, the question you have to keep asking is “Why, why, why?”
Charles T. Munger • Poor Charlie’s Almanack: The Essential Wit and Wisdom of Charles T. Munger
Charlie Munger describes as worldly-wise someone who has a broad set of these tools and knows how to apply them. But this dynamic can only start if we ourselves deliberately decide to take on the task of reading and being selective about it, relying on nothing other than our own judgement of what is important and what is not.
Sönke Ahrens • How to Take Smart Notes: One Simple Technique to Boost Writing, Learning and Thinking – for Students, Academics and Nonfiction Book Writers
What is elementary, worldly wisdom? Well, the first rule is that you can’t really know anything if you just remember isolated facts and try and bang ’em back. If the facts don’t hang together on a latticework of theory, you don’t have them in a usable form. You’ve got to have models in your head. And you’ve got to array your experience—both vicario
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