“You must know the big ideas in the big disciplines and use them routinely – all of them, not just a few. Most people are trained in one model – economics, for example – and try to solve all problems in one way. You know the old saying: ‘To the man with a hammer, the world looks like a nail.’ This is a dumb way of handling problems... What you need is a latticework of mental models in your head. And, with that system, things gradually get to fit together in a way that enhances cognition.”
~ billionaire investor Charles Munger; also, the one & only partner to famed billionaire investor Warren Buffet in Berkshire Harthaway; Charlie is ostensibly referring to his intra-disciplinary multi-mode thinking/evaluation tool known as the 'Latticework of Mental Models', which is worth exploring, as it engenders multiple viewpoints from different or seemingly disparate disciplines when looking at a given problem or challenge;
[According to Warren Buffett, Charlie has ‘the best 30-second mind in the world. He goes from A to Z in one move. He sees the essence of everything before you even finish the sentence’ (Forbes, January 22, 1996).
Essentially, he thinks by using the BIG IDEAS from disciplines as diverse as physics and psychology. He has a list of these ideas (mental models) in his mind and quickly picks the one(s) applicable to the given situation, much as a pilot automatically goes through a checklist prior to take-off.
Readers can pop into this wonderful website to "savour" a quick sampling of purportedly Charlie's mental models.]
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