The Best Mental Models
The First Principles Method Explained by Elon Musk
youtu.beThe Circle of Competence is a mental model that involves developing a knowledge of what specific areas an individual has an understanding of or experience in. Everyone has built up useful knowledge in some area of the world. By realizing where your strengths lie, you can determine the areas where you have very little familiarity and avoid them to... See more
What is the Circle of Competence and How Do You Find Yours? | MyWallSt
Moat:
“An intrinsic characteristic that gives the business a durable competitive advantage” - Munger
A Margin of Safety: How to Thrive in the Age of Uncertainty
jamesclear.com
mental model
A first principle is a basic assumption that cannot be deduced any further. Over two thousand years ago, Aristotle defined a first principle as “the first basis from which a thing is known.”
First principles thinking is a fancy way of saying “think like a scientist.” Scientists don’t assume anything. They start with questions like, What are we... See more
First principles thinking is a fancy way of saying “think like a scientist.” Scientists don’t assume anything. They start with questions like, What are we... See more
jamesclear.com • First Principles: Elon Musk on the Power of Thinking for Yourself
Storytelling: A tremendously useful tool to increase the longevity of your message in the audience’s mind. Stories spark emotions. People use stories to make sense of things. People learn from stories.
At its core, Occam’s Razor is a principle that suggests that when faced with competing explanations for an event or occurrence, you should select the explanation that makes the fewest number of assumptions.