Charlie Munger, Benjamin Franklin, and Jeff Bezos.
They all have something in common.
They use Mental Models.
Here are 6 Mental Models that improve your Thinking👇🏼
They all have something in common.
They use Mental Models.
Here are 6 Mental Models that improve your Thinking👇🏼
1. First Conclusions
We tend to stick with our first conclusion.
It helps us to avoid uncertainty. We hate uncertainty.
So we‘re happy with the first answer that comes to our mind.
Unsurprisingly, this is rarely the best answer.
Allow uncertainty and question your instincts.
We tend to stick with our first conclusion.
It helps us to avoid uncertainty. We hate uncertainty.
So we‘re happy with the first answer that comes to our mind.
Unsurprisingly, this is rarely the best answer.
Allow uncertainty and question your instincts.
2. Levels of Thinking
Our first reaction have another “disadvantage.”
They’re quite similar. We generally think alike.
To get ahead, apply ‘second-level thinking.’
Take Chess:
You not only think about the next, but also the second and third move after that.
Think ahead.
Our first reaction have another “disadvantage.”
They’re quite similar. We generally think alike.
To get ahead, apply ‘second-level thinking.’
Take Chess:
You not only think about the next, but also the second and third move after that.
Think ahead.
3. Filter
Today, it’s a superpower if you effectively filter through information.
On almost every platform, there’s informative and time-wasting content.
Most consume the latter.
Find a way to consume the high-quality content that works for you.
The benefit is enormous.
Today, it’s a superpower if you effectively filter through information.
On almost every platform, there’s informative and time-wasting content.
Most consume the latter.
Find a way to consume the high-quality content that works for you.
The benefit is enormous.
4. Good and Done > Great
Nothing you’ll ever make will be perfect.
Almost everything is a work in progress.
And a work in progress is by definition never perfect.
Don’t let that hold you back.
Get it done and improve it on the way.
The worst project is the one never finished
Nothing you’ll ever make will be perfect.
Almost everything is a work in progress.
And a work in progress is by definition never perfect.
Don’t let that hold you back.
Get it done and improve it on the way.
The worst project is the one never finished
5. Herd Mentality
We tend to follow the herd.
It’s safe. If you’re wrong, everyone else is too.
But by doing so, we give up on the power of our own thinking.
Instead, stop prioritizing to avoid extremes.
Focus on forming your own opinion.
We tend to follow the herd.
It’s safe. If you’re wrong, everyone else is too.
But by doing so, we give up on the power of our own thinking.
Instead, stop prioritizing to avoid extremes.
Focus on forming your own opinion.
6. Envy and Jealousy
“It’s not greed hat drives the world, but envy.” - Warren Buffett
The feeling of envy is so strong, it can take complete control of our decision-making.
Turning off this feeling is therefore vital.
Focus on yourself and stop comparing.
“It’s not greed hat drives the world, but envy.” - Warren Buffett
The feeling of envy is so strong, it can take complete control of our decision-making.
Turning off this feeling is therefore vital.
Focus on yourself and stop comparing.
That’s it for today!
I hope you learned something new.
If you did, please Like and Retweet this Thread so more get to see it.
To learn more about Psychology and Investing, follow me @MnkeDaniel
Thanks and have a great day!
I hope you learned something new.
If you did, please Like and Retweet this Thread so more get to see it.
To learn more about Psychology and Investing, follow me @MnkeDaniel
Thanks and have a great day!
Loading suggestions...