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Today I'd like to discuss about the mental model "Map is not the territory."
As Charlie Munger says, "The map is not the territory, and if you start thinking that the map is the territory, you will pay a big price for that."
#MentalModel #CharlieMunger
As Charlie Munger says, "The map is not the territory, and if you start thinking that the map is the territory, you will pay a big price for that."
#MentalModel #CharlieMunger
2/ This means that the way we perceive and interpret the world may not always match reality. A map is just a representation of reality and it's important to keep that in mind when making decisions.
#PerceptionVsReality
#PerceptionVsReality
3/ Charlie Munger and Warren Buffet used this mental model to evaluate their investments. They would always look beyond the numbers and do a deep dive into the company's culture, management, and future prospects.
#InvestmentTips
#InvestmentTips
