Description
“It is remarkable how much long-term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be very intelligent.”
Charlie Munger (legendary investor and partner of Warren Buffett)
Being consistently “not stupid,” to use Munger’s colorful words, is not as easy as it sounds. Our brains are shaped by forces that can trick us into making poor decisions that feel like good decisions. Munger recommended keeping a list of thinking tools and mental models close by as a resource for making important decisions.
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