Overview
Take the probability of loss times the amount of possible loss from the probability of gain times the amount of possible gain. That is what we’re trying to do. It’s imperfect, but that’s what it’s all about.—Warren Buffett
Read More
Making Your Own Munger Mental Model: Focus Investing Series Part 3
The idea of developing a network of mental models is based on the concept that everyone should approach problem-solving from many difference perspectives. The traditional teaching method used in the typical American classroom revolves around the idea that topics should be learned in isolation from other topics.
www.valuewalk.com
