Poor Charlie’s Almanack - The Essential Wit and Wisdom of Charles T. Munger

Key Facts and Insights from "Poor Charlie’s Almanack - The Essential Wit and Wisdom of Charles T. Munger"

1. Multidisciplinary approach: The importance of using a multidisciplinary approach in making investment decisions and problem-solving is emphasized.
2. Value of Continuous Learning: Munger emphasizes the need for continuous learning and acquiring knowledge from various disciplines.
3. Mental Models: The concept of 'Mental Models' is introduced, which is a way to understand and interpret the world around us.
4. Psychology of Human Misjudgement: Munger discusses 25 common tendencies that lead to human misjudgement.
5. The Importance of Patience: Patience and discipline in investment, as well as...

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