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The more I read, the more I'm amazed about Charlie Munger. Today, I'd like to write about the mental model of "Thought Experiment". Charlie Munger is the right-hand man of Warren Buffet and he's known for his practical and straightforward approach to investing. thought experiment mental model
2/15: Thought experiments involve imagining a situation and then examining the possible consequences of that situation. Munger believes that doing this can help us make better decisions and avoid costly mistakes.
3/15: For example, let's say you're considering investing in a new technology startup. A thought experiment would involve imagining the best-case and worst-case scenarios for that investment.
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