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?
Managing yourself
Why Successful Companies Must Evolve
Understanding Your Business Successful companies continually ask, “What is our business?” Complacency can easily set in with success, leading companies to believe that their winning streak will continue indefinitely. However, just as lottery winners don’t play the same numbers again, businesses shouldn’t assume that the same strategy will keep yielding … [Read more...] about Why Successful Companies Must Evolve