4min chapter

We Study Billionaires - The Investor’s Podcast Network cover image

TIP470: How to Leverage Information to Serve You Best w/ Ross Dawson

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

The Human Brain Must Work in Models

Munger: The trick is to have your brain work better than the other person's brain because it understands the most fundamental models, ones that will do most work per unit. As we get into more complex situations, we build richer and richer mental models,. So whenever you respond to a situation, be that a social situation or a car driving by the road, that's built on your mental model of the world.

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