Many people think that successful investors rely on some secret formula or Wall Street theories. Actually, that's not the case.
Charlie Munger's investment career tells us another truth: true competitiveness comes from continuously iterating one's way of thinking. A phrase he often repeats is—"Always look for better mental models." It sounds simple, but implementing it requires extreme greed.
What are multiple mental models? In plain terms, it means you need to master core logic from various fields such as physics, psychology, economics, history, and more, rather than just knowing one set. Som
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