The Importance of a Mental Model

Charlie Munger: I've always been a fairly tolerant person and super loyal to those close to me. The thing recently that I probably changed my mind on is tolerance with bad situations. He says he's just been way too tolerant with relationships that aren't working for him. "I'm coming out the other side of this right now"

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On today's show we talk to renown investment blogger, Shane Parrish. Shane is a Buffett style investor that reads and studies everything about the markets. On today's show we talk to Shane about learning and optimizing. He also discusses his opinions on the difference between Ray Dalio and Warren Buffett's investing approach.

IN THIS EPISODE, YOU’LL LEARN:

How Shane thinks about learning new things.
What mental models are.
Shane’s opinions on Ray Dalio and Warren Buffett.
What books Shane values.

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Shane Parrish’s incredible blog: Farnam Street.
The Intelligent Investor by Benjamin Graham.
Margin of Safety by Seth Klarman.
Meditations by Marcus Aurelius.

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