Mental Models Explained: 6 Mental Models from Charlie Munger
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Mental models is what makes you think faster and make better decisions. Charlie Munger is an avid promoter of mental models and has used these frameworks and models to help Warren Buffett up his game.
In this video, we'll look at what is a mental mode, the 6 basic models Munger recommends, and a detailed Coca-Cola case study to see exactly how to use mental models to sharpen your thinking and make big decisions.
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⏱ TIME STAMPS ⏱
0:00 Awesomeness of mental models
00:50 Warren Buffett's $200BN mistake
04:45 What is a mental model?
05:39 Mental Model 1-6
08:09 Re-examining Buffett's $200BN mistake
10:15 Munger's Coca Cola case study
16:19 Coming up with the product
18:56 Coming up with the ads
20:21 Dealing with logistics
24:06 Key learning
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