The Best Mental Models
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.
mental model
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
Moat:
“An intrinsic characteristic that gives the business a durable competitive advantage” - Munger
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 Joys of Compounding: The Passionate Pursuit of Lifelong Learning, Revised and Updated (Heilbrunn Center for Graham & Dodd Investing Series)
amazon.com
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)
If you don't have the underlying experience, then it just reads like a collection of quotes. It's cool, it's inspirational for a moment, maybe you'll make a nice poster out of it. But then you forget it and move on. Mental models are really just compact ways for you to recall your own knowledge.