So you’re working on building out your Mental Models. You’re reading books, taking notes, and otherwise trying to follow in the footsteps of Charlie Munger so you can have your own handy list of models to help you make better decisions and out-think the majority of people around you.

Yet whenever it comes time to make an important decision in a pinch, you struggle to find the right models or you forget your well-curated list entirely. In the heat of the moment you fall right back on the same irrational mental heuristics as everyone else.

I’m noticing this more and more in my own decision-making and I think I’ve figured out why it happens. [Read more…]

In 2011 Charlie Munger ended the tradition of yearly Wesco shareholder conferences by calling the attendees … peculiar:

“You people aren’t normal. It’s only peculiar people like you that I want to impress.”

So what makes someone peculiar in Charlie’s mind?

It’s someone who doesn’t think like the masses, someone who recognizes the limits of the human mind and adopts tools to think as rationally as possible.

And Charlie has hinted at the tools he has used to achieve his success. [Read more…]