Discuss how Munger’s concept of mental models has changed your ideas of decision making in investment management and business.
In his article “A Lesson on Elementary, Worldly Wisdom as it Relates to Investment Management & Business,” Charles Munger (1995) wrote about tools, techniques, and critical skills that great managers need to develop.
Consider Munger’s thoughts on the importance of mental models. Respond to the following:
Discuss how Munger’s concept of mental models has changed your ideas of decision making in investment management and business.
Explain how this experience has affected your decision-making process.
Munger, C. T. (1995). A lesson on elementary, worldly wisdom as it relates to investment management & business. Outstanding Investor Digest, 1,49–63.
