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How Did Charley Munger Come Into This?
Mental models are concepts or ideas about how something in the real world works. They are useful because of this wonderful capability that we have in our minds, which is mental simulation. So ym mental models are for mental simulation. And when you have an accurate, working mental representation, you can use your mind to simulate what's going on,. What you should be seeing, what you're not seeing. The personalambier as a book a became just that. Let's take this idea of mental models, which is very valuable, very useful for everyone, and apply it in this specific context. It was focused on investors, so people who are making capital aplication decisions. But i