It was Charlie Munger of Berkshire Hathaway, the unrelenting American investor, philanthropist, and intellectual and investment partner of Warren Buffett who is well known for using mental models. He believed they were key to making better investment decisions. Charlie Munger “What you need is a latticework of mental models in your head. And, with that … [Read more...] about What Are Mental Models — and Why Do They Matter?
Unlocking Efficiency with Pareto
Vilfredo Pareto (1848–1923) was an Italian economist, sociologist, and philosopher. He is best known for developing the ‘Pareto Principle’. It is also called the ‘80/20 rule’. He observed that roughly 80% of effects come from 20% of causes. He for example found that at the time in Italy approximately 20% of the population owned 80% of the land. Further analysis revealed … [Read more...] about Unlocking Efficiency with Pareto
Mary Smith a knocker-upper
Introducing Mary Smith, a devoted "knocker-upper" hailing from East London in the 1930s. With just dried peas in hand and a strong sense of duty, she earned a humble sixpence each week by launching her projectiles at the windows of slumbering workers, ensuring they got up on time to start their day. Picture the rhythmic tap of peas against the glass, a gentle … [Read more...] about Mary Smith a knocker-upper
Navigating Workplace Conflicts
Getting along with people you don't like at work can be challenging. Still, it is often necessary for maintaining a positive and productive work environment. People behave the way they do for two main reasons. They either don't know any different or their behavior helps them avoid situations they don’t want to be in. The challenge to overcome obstacles resides with … [Read more...] about Navigating Workplace Conflicts
