That said, Charlie Munger is a great thinker of our world of value investing. He brings with himself his famous mental models which are basically general ideas or thesis from very different disciplines - from psychology and medicine to physics and math - that are readily available in his brain to be picked up if a situation appears. Last time I tried to put it as simple as possible for myself:
- a problem appears in front of you to be solved;
- checklist the problem`s characteristcs and match them with your mental models;
- solve the problem with the correct mental model.