Tuesday, August 18, 2015

Tren Griffin on mental models and investing...

From Charlie Munger: The Complete Investor (which according to Amazon, is now being shipped for end-of-week deliveries):
No one can know everything, but you can work to understand the big important models in each discipline at a basic level so they can collectively add value in a decision-making process. Simply put, Munger believes that people who think very broadly and understand many different models from many different disciplines make better decisions and are therefore better investors.