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Mental models
In this short series of blogs and videos, in honour of the late, great Charles Munger, I take a look at some of his most powerful mental models.
The power of compounding
It's been written here and all over the internet that the most powerful force in investing is compound growth.Ā
...
Mental models
In this short series of blogs and videos, in honour of the late Charles Munger, I take a look at some of his most powerful mental models.
Opportunity cost
Think about this Munger quote for a second:
"The real cost of any purchase isn't the actual dollar amount but the opportunity c...
Mental models
In this short series of blogs and videos, in honour of the late Charles Munger, I take a look at some of his most powerful mental models.
The most important question of all
Those of you will younger siblings may remember how young kids often have that annoying habit of asking "why?"...
Mental models
In this short series of blogs and videos, in honour of the late Charles Munger, I take a look at some of his most powerful mental models.
Being approximately right
John Maynard Keynes once said that he'd rather be approximately right rather than being precisely wrong.
Just because ...
Mental models
In this short series of blogs and videos, in honour of the late, great, Charles Munger, I take a look at some of his most powerful mental models.
Survivorship: first, do no harm
One of Munger's most famous quotes was:
"All I want to know is where I'll die, so I'll never go there".
...
The 4 types of wealth
There's more than one type of wealth, of course, even though most people tend to think mostly of financial wealth.
One way to think about this is to consider these 4 categories: financial wealth, health, mental wealth, and time wealth.
If someone you know is unhappy, agitate...
How to travel regularly, in comfort
I'm just wrapping up what has felt like a pretty long trip, which has taken in metropolitan and country New South Wales, Melbourne for Grand Final week, a bit of regional Victoria, a decent stretch of the east coast, and Far North Queensland, including the reef.Ā ...
6 ways to generate passive income
There are, of course,Ā numerousĀ ways in which you can generate a passive income.
Let's take a look at half a dozen of the most popular below:
(i) Commercial property - there are many different types of commercial property.Ā
Probably the most popular at the moment...
