The Best Mental Models
A mental model is simply a representation of how something works. We cannot keep all of the details of the world in our brains, so we use models to simplify the complex into understandable and organizable chunks.
Farnam Street • Mental Models: The Best Way to Make Intelligent Decisions (~100 Models Explained)
You may have noticed students who just try to remember and pound back what is remembered. Well, they fail in school and in life. You've got to hang experience on a latticework of models in your head. What are the models? Well, the first rule is that you've got to have multiple models— because if you just have one or two that you're using, the... See more
Charlie Munger • A Lesson On Elementary, Worldly Wisdom As It Relates To Investment Management & Business – Charles Munger, USC Business School, 1994
The map is not the territory is a mental model that reminds us not to confuse a model of a situation with the situation itself.
Your Innovator’s Toolkit: The map is not the territory
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.
Occam's Razor: The Atomic Mental Model - Sketchy Ideas %
The Joys of Compounding: The Passionate Pursuit of Lifelong Learning, Revised and Updated (Heilbrunn Center for Graham & Dodd Investing Series)
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