1/ There's a concept known as financial compounding, but most people don't know about intellectual compounding. Buffett and Munger employed this to great effect and to accumulate mental models such that they can make large decisions quickly. Intuition is simply reading a lot.
2/ This allows people to convert typically slow thinking and bad fast thinking (bad intuition) into good intuition. In academic literature this is known as Type 1 and Type 2 thinking. Most people don't accumulate enough of knowledge the tree.
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