My Mental Models

Better Decisions Using A Better Mental Framework

  • What Are Mental Models?
  • Models Checklist
  • Charlie Munger Quotes
  • Charlie Munger Reading List
  • Warren Buffett Books

Mental Model Summary: Pareto Principle

By Andrew McVagh, last updated August 7, 2018 1 Comment

Pareto Principle

Mental Model

Pareto Principle (or 80/20 Principle)

Summary

The 80/20 principle is a type of power law which states that roughly 20% of a set of causes result in 80% of the effects.

​The numbers don't have to be exactly 80/20 though, and they don't have to add up to 100%: both '25/95' and '5/70' are also valid.

The key idea is that in most cases cause and effect are not linear: a small subset of causes usual generate most of the effects.​

Continue Reading

Blinkist Review: How To Make Progress On Your Reading List

By Andrew McVagh, last updated March 23, 2022 Leave a Comment

Have you ever put in the time and effort to read a book only to realize the main idea could have been summarized in 5 pages instead of 200?

I find this happens to me more and more lately and it drives me nuts.

My life is busy and I really need to make the best use of what little reading time I have. I can't waste time on a book that is mostly filler ... can you???

Continue Reading

The Charlie Munger Reading List (30+ Fascinating Books)

By Andrew McVagh, last updated August 7, 2018 3 Comments

In my whole life, I have known no wise people (over a broad subject matter area) who didn't read all the time -- none, zero. You'd be amazed at how much Warren reads -- and at how much I read. My children laugh at me. They think I'm a book with a couple of legs sticking out.

- Charles T Munger

Charlie Munger is a voracious reader. He has read a lot of books, both good and bad. And on rare occasions he can be caught recommending books to the rest of us.

Continue Reading

What Are Mental Models? (How To Get Started)

By Andrew McVagh, last updated August 7, 2018 5 Comments

​

What Are Mental Models

​If you are new to the world of Charlie Munger and Mental Models then this page is for you!

It contains everything you need to get started on the path of learning how to make better decisions, become more rational, and best of all become more successful at anything you choose.

Here you will learn what his system of Mental Models can do for you.

Continue Reading

Learn More Study Less: Master Agonizing Material Quickly

By Andrew McVagh, last updated November 19, 2017 Leave a Comment

I constantly see people rise in life who are not the smartest, sometimes not even the most diligent, but they are learning machines. They go to bed every night a little wiser than they were when they got up and boy does that help, particularly when you have a long run ahead of you.

- Charlie Munger 

Charlie is a learning machine. His ability to read complex material across a wide range of subjects and then later use it to make successful business decisions is almost superhuman.

I've been a student of his system for years now and have been trying to read and learn about as many models as I can.

Continue Reading
  • « Previous Page
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • Next Page »

Popular Posts

  • 11 Brilliant And Funny Charlie Munger Quotes (Genius Wisdom)
  • 5 Amazing Warren Buffett Books (Learn How He Really Thinks)
  • The Charlie Munger Reading List (30+ Fascinating Books)
  • The Best Books On Mental Models
  • Blinkist Review: How To Make Progress On Your Reading List
  • Get My Mental Models Checklist

Mental Model Summaries

  • Mental Model Summary: Advantages of Scale
  • Mental Model Summary: Base Rates
  • Mental Model Summary: Checklists
  • Mental Model Summary: Creative Destruction
  • Mental Model Summary: Division of Labor
  • Mental Model Summary: Incentives
  • Mental Model Summary: Inversion
  • Mental Model Summary: Law of Small Numbers
  • Mental Model Summary: Pareto Principle
  • Mental Model Summary: Reason Respecting (Because Why)
  • Mental Model Summary: Redundancy
  • Mental Model Summary: Skill Stack
  • Mental Model Summary: Social Proof

Further Reading:

- What Are Mental Models?
- My Mental Models Checklist
- The Best Books On Mental Models
- The Charlie Munger Reading List
- Mental Model Summaries: The Complete List
- All Posts
 


About | Contact | Privacy Policy | Terms of Service | Disclosure Policy | Site Disclaimer

 

My Mental Models is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to amazon.com. Amazon and the Amazon logo are trademarks of Amazon.com, Inc. or its affiliates.

© 2023 · My Mental Models