Mental Models and Value Investing

“There will be immense worldly rewards in a more multidisciplinary approach to many problems, common or uncommon.” – Charlie Munger Charlie Munger is Warren Buffett’s right-hand man, and he’s also one of the investment world’s great thinkers. Munger coined the phrase ‘Latticework of Mental Models,’ which refers to his belief that in order to make successful decisions in life, you must understand the core principles from all disciplines and how they relate — what he calls ‘Elementary Worldly Wisdom.’ Munger has built up his Elementary Worldly Wisdom over many decades. His experience comes from a wide array of academic topics…