Charlie Munger Model

1 What is your impression of Charlie Munger?
- Charlie Munger is a man with ambitions in life, hard worker, and he’s hungry for knowledge. He has innate skills as a salesman. He is creative and he learns things fast. His dedication and voracious readings help him become successful in life. Charlie is a person with a logical mind, self-driven and curious (inquiring mind). Additionally, I adore Charlie’s parents for encouraging their children to read books at an early stage. This is a good way to teach kids and raise them to grow up smarter. Furthermore, Charlie’s is smart, focus and an open-minded person. He is always willing to learn and loves framing the problem in life. Based on Charlie’s life story, I think there is no dumb person in the
Charlie Munger adapted a Multiple Mental Models he uses this model as a framework for processing, gathering and implementing the information, for example, stitching different tools together in one such as using formulas, methods, analytical tools and includes various disciplines like psychology, physiology, history, physics, statistics, economics, mathematics, chemistry and etc. Furthermore, multiple mental models create the most multiple factors that frame every system from an array of disciplines. It also requires fluency and understands the
For example, he carefully analyzed to stay within these circles where he knows his spots. Applies basic and overall screen to limit his investment field using simple, easy to understand and too tough to understand. I would say I follow Charlie’s idea, focus on certain spots and analyze or stay around it. I think this is what I should focus when playing baseball. I would choose the slider ball and avoid the fastball. Slider ball is easier to analyze the movement because I would have time to evaluate the speed and which direction it is heading. I should evaluate how the pitcher tosses the ball towards me. I know I would have the chance to hit the home run. Meanwhile, the fastball is hard to catch up due to its velocity. It is difficult to focus on hitting the fastball because the pitcher is pretty much facing towards the batter. I think it has the same analogy of the circle of competence. It requires acknowledgment of strength when approaching the perimeter. If you have competence you already know your boundaries. It has the science of hitting. (Buffet, W.). Warren Buffet explains investing in companies; you need to find its sweet spot that is within his “circle of competence” this is the first concept he described in his shareholder’s letter in 1996. Personally, I am thankful to gain knowledge about the circle of competence. It opens my mind that I don’t have to be an expert