Poor Charlie's Almanack

book Charlie Munger, Peter Kaufman (2005)

Collected speeches and talks from Charlie Munger, especially “The Psychology of Human Misjudgment” and “A Lesson on Elementary Worldly Wisdom.” The closest thing to a canonical source for Munger’s latticework of mental models.

Entries (43)

• Activation Energy — mental-model
• Bayesian Updating — mental-model
• Cancer Surgery Formula — paradigm
• Catalysts — mental-model
• Checklist Approach — mental-model
• Circle of Competence — mental-model
• Comparative Advantage — mental-model
• Compounding — mental-model
• Creative Destruction — paradigm
• Critical Mass — mental-model
• Culture as a Control System — paradigm
• Economic Moats — mental-model
• Falsification — mental-model
• Feedback Loops — mental-model
• First-Principles Thinking — mental-model
• Hanlon's Razor — mental-model
• Incentive-Caused Bias — mental-model
• Information Asymmetry — mental-model
• Inversion — mental-model
• Latticework of Mental Models — mental-model
• Leverage — mental-model
• Lollapalooza Effect — mental-model
• Man with a Hammer — mental-model
• Margin of Safety — mental-model
• Mr. Market — mental-model
• Network Effects — mental-model
• Niche Specialization — mental-model
• Nonlinearity — mental-model
• Occam's Razor — mental-model
• Opportunity Cost — mental-model
• Power Laws — mental-model
• Principal-Agent Problem — mental-model
• Reciprocity — mental-model
• Red Queen Effect — mental-model
• Redundancy — mental-model
• Regression to the Mean — mental-model
• Scale Economies — mental-model
• Scenario Analysis — mental-model
• Second-Order Thinking — mental-model
• Social Proof — mental-model
• Switching Costs — mental-model
• System Resilience vs. Fragility — mental-model
• Two-Track Analysis — mental-model