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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
A reading list of five life-changing books to get through difficult times. These are beloved cult classics, not always seen on transient bestseller shelves. They have stood the test of time. #WisdomWednesday
1. "When Things Fall Apart: Heart Advice For Difficult Times" by Pema Chödrön. How do we live our lives when everything seems to fall apart? When we are continually overcome by fear, anxiety, and pain? The answer 'might be just the opposite of what you expect.'
2. "Radical Acceptance: Embracing Your Life With the Heart of a Buddha" by Tara Brach. She's a clinical psychologist and a popular Buddhist teacher. The name says it all - it's not for the faint-hearted, but I highly recommend it.
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📌Having a mortgage doesn't have to mean the end of your savings.
Check it out: timidbee.com/post/free-up-c…
#timidbee #mondaymotivation #mondaythoughts #finance #COVID19 #Cryptocurency #DigitalMarketing
📌What are the mortgages types?
💢PRINCIPAL AND INTEREST MORTGAGE
💢INTEREST ONLY MORTGAGE
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What mortgage type do you prefer? Let us know in the comments⬇️⬇️ .
#timidbee #Finance #WisdomWednesday #money #investment #cash
💢PRINCIPAL AND INTEREST MORTGAGE
💢INTEREST ONLY MORTGAGE
💢REVERSE MORTGAGE
Details here: timidbee.com/post/free-up-c…
What mortgage type do you prefer? Let us know in the comments⬇️⬇️ .
#timidbee #Finance #WisdomWednesday #money #investment #cash
Having a mortgage doesn't have to mean the end of your savings. Use it to free up cash and save money: timidbee.com/post/free-up-c…
#timidbee #finance #mondaythoughts #MotivationMonday #money #SundayMorning #COVID19 #cryptotrading #investment #Monday
#timidbee #finance #mondaythoughts #MotivationMonday #money #SundayMorning #COVID19 #cryptotrading #investment #Monday
