Charlie Munger: Mental Models for the Rest of Your Life

For my private stock portfolio & revealing insights into my investment strategy, head over to: / theswedishinvestor
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Charlie Munger, the vice chairman of Berkshire Hathaway and one of the most successful investors ever, is said to have the best 30-second mind in the world. He goes from A to Z in one move. He sees the essence of everything before you can even finish the sentence.
How does he do it? Through observing reality and running it against his mental models. In this series of videos, you’ll learn some of the most important models which Charlie Munger uses, which he has talked about publicly. These mental models have helped Munger to conquer the stock market, but they are so diverse that they have applications within many other areas too. For example, they have allowed Munger to be a successful Chairman at a large hospital, and they have allowed him to overcome devastating personal losses.
The series will cover a total of 35 of Charlie’s mental models. He says he has some 100 models in his head at all times, but he also says that a few of them carry most of the freight. I think that we’ll cover the most important ones in this series, which will be divided into 7 parts, will 5 models in each one. The models will primarily be related to investing, but also to associated subjects such as economics, entrepreneurship & career. Hope you enjoy.
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Part 2: • Charlie Munger: Mental...
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Charlie Munger’s first five mental models:
00:00 Intro
02:20 The Swiss Army Knife Approach
05:44 Make Friends With the Eminent Dead
09:20 Invert, Always Invert
12:29 Compounding
15:01 Crush Your Cherished Beliefs
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My goal with this channel is to help you make more money and improve your personal finances. How to become a millionaire? There are many ways to get there - investing in the stock market, becoming a stock trader, doing real estate investing, or why not becoming an entrepreneur? But whether you are interested in how to invest in stocks or investing strategies for creating passive income with rental properties - I hope to be able to provide you with a solution (or at least an idea) here. Warren Buffett - the greatest investor of our time - says that you should fill your mind with competing ideas and then see what makes sense to you. This channel is about filling your mind with those ideas. And in the process - upgrading your money-making toolbox.

[@TheSwedishInvestor]

Thanks for watching! If you enjoyed this one, here is PART 2: kzbin.info/www/bejne/mZjJpnh7o9iod8U

[@pjtopjj9238]

Hi can you please share which software are you using for making these videos. Thanks

[@masternobody1896]

invert always invert

[@simonsmith-jg6wl]

Morning Swedish investor sorry to bother you can you tell the name of the man Charlie munger gave a share to Robert ….

[@randomuser7375]

RIP Charlie Munger 😢

[@InvestorCenter]

I have studied Charlie and Warren for the last five years and it has been so helpful. Without them, I never would have landed my job I have now working at a large investment fund. I owe any “success” I have to them

[@chrisp5529]

Don't sell yourself short on your own merits mates.

[@nikolasovilj6169]

have you gotten any formal education before landing that job?

[@tudor8963]

@@nikolasovilj6169 I used to say I don’t need to go to university because I already know what I need to become successful. I realised that most of the things I knew, I couldn’t afford to see if they are truths or lies. I decided to go study economics in the Netherlands. Studying concepts while investing short term and long term. It will very educational to me academically and non academically. I suggest taking the path that defines you more.

[@ajatmitra9495]

Charlie Munger : Worldly Wisdom. Ray Dalio : Principles. Every successful person is essentially a great thinker.

[@counterpoint9260]

or they are Donald Trump

[@DBarnes1991]

Thank you for this series. I have come to find Charlie Munger to be the most straight to the point and real person when answering financial questions.

[@shakeib98]

I have been struggling with my team of 15 people in office, as recently my responsibilities got expanded and I am working in the innovation dept as well. This video is the thing I needed to get a starting point.

[@Mene_Marry]

It isn't the learning that's so hard , it's the unlearning 🙂

[@BoykieMackay]

Excellent breakdown of Munger's Mental Models. I'm hooked. Ready for part 2 ...

[@natpurdon9668]

Thank you so much, Swedish Investor. Looking forward to the next parts!

[@jasondupreez1444]

Love it. Thanks for the huge emphasis on Buffet and his team of patners. So much to learn from him and Charlie.!! Keep it up!

[@bethisway]

Very nice quality brotha. Love this one. Very clean and organize. Easy to understand.

[@dhananjaykrishna2377]

People worship Warren buffet, but then slowly realize Charlie Munger is the real deal.

[@patmarco2251]

Haha if he was the real deal how come Buffett’s net-worth is over 40x Munger’s? no to take anything away from his ability to analyze financial data and educate himself. The difference is he is willing to talk and Buffett just repeats the same 10 or so concepts because he will never truly pass on his formulas!

[@onlyeightpsi]

@@patmarco2251 Munger has also mentioned his goal in life financially was to become independent, and not so much to achieve huge returns. Buffett's drive on the otherhand is huge returns

[@agi1013]

@@patmarco2251 not everything in life is calculated by monetary reasons.

[@Joseph-on7nf]

@@patmarco2251 Charlie is smarter than Warren (Warren and his son both said so) And to be honest some of Warren's best investment strategies and his favorite companies came from Charlie.

[@KyleJBales]

they are both the real deal in their own ways..which is why they are so yoked and in one accord with one another. perfect partnership.

[@zumanahaseen6657]

1. Swiss Army approach to learning 2. Be careful of who you learn from 3. Invert, always invert 4. Compounding 5. Crush your cherished beliefs

[@rg1283]

This series is brilliant. Thanks!

[@user-wc7em8kf9d]

AMAZINGLY GOOD ! Congrats for this one.

[@andrewosburn4376]

As a Charlie Munger fanatic, this is my new favorite KZbin series. I’m already eager for part 2!

[@user-pi9yh6vq9h]

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[@drewsXR650L]

Great work, Thanks for producing these :)

[@sir_crab2080]

Superb, CANT wait to watch the other parts Thank you

[@cz7886]

One of your best videos ever, great work! Thx

[@labiancami]

Looking forward for the 2nd part!

[@valentinstoyanov304]

You are getting better and better! Admirations for what you do.

[@PlantStock]

Perfect, I was looking for something like this 😊

[@Krogzaxants]

Hi, good to see you here as well. Learned so much from this channel!

[@shaibuvictor2984]

This is easily the best series on KZbin.

[@malmsteengreece]

Wait for the second part! It was very good

[@gergelykovacs2618]

Can't wait for the next part. Cheers from Hungary.

[@thalessilva1]

Great video man Waiting for next👍😉

[@randomuser7375]

Thanks for making these videos. Instant subscribe!

[@alber.a1232]

Very interesting. And very interested with these series of videos. I’ll be aware👌🏻

[@user-pi9yh6vq9h]

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[@Ahmad-ps9zh]

Amazing work, a great contribution to the investment community, and among those great videos I'll have to keep rewatching till it sinks deeper.

[@shadowrazor2384]

Excited for the series

[@En_Gho]

Loved this video. Keep up the great work.

[@user-pi9yh6vq9h]

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[@juliusarndt1290]

Thank you very much for your effort, it was very helpful for me! I would like to summarize the most important mental models for me from your series. A transcript would help me a lot. Would it be possible to post link to the transcript of each video?

[@thirdiview1230]

I watch every video you put out. You sir provide the best wealth building tips thank you

[@ravindrashinde5466]

Swedish Investor .Munger is a boon to the world and you making these concise summaries are a boon to me . I cannot read on the go but surely can play these to remind myself about Munger .. Your hard work comes out right through the video ….

[@msanleon]

Thanks for making such great content

[@christianthorpe1770]

RIP Charlie ❤

[@benjamins5165]

Love this video, honestly all your videos. Is there a book you used to reference charlie's mental models?

[@JessieOpportunityCostInvesting]

Absolutely wonderful video! Thanks for sharing!

[@sefonefinpsefnpefn4191]

best invest youtube video! I am currently reading poor charlie’s almanack. your video helps me to understand more deeply!

[@e.manuel]

What an incredibly awesome video! Bravo 👏!!

[@user-pi9yh6vq9h]

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[@abhijitpandya584]

Great video, very simply put for easy viewing. Everyone should watch

[@MiroslawHorbal]

Looking forward to the rest of the videos!

[@user-pi9yh6vq9h]

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[@Pjblabla2]

Awesome topic and great video ... Thank you

[@AdTru]

By far your best video!

[@user-pi9yh6vq9h]

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[@ssgill]

Very engaging presentation. Thank You.

[@wtidowu]

Amazing info, I appreciate this

[@supreetmahurkar183]

Thanks man , amazing presentation

[@josephsm4661]

Great work!!! ❤️

[@financial_wizard_india8263]

According to me this the best video on your KZbin channel 👌

[@user-pi9yh6vq9h]

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[@OurWorldofDanceSport]

Unlearning stuff is ideed difficult. In dancing we face those situation a lot. Thank you for sharing.

[@tcheutchouasteve2717]

Thank you for this video 👌🏽

[@phattranhuutruong2761]

Wonderful. I am so excited when i see your videos, useful and easy to memory. Thank you for sharing.

[@Dfm_Sushil]

Eagerly waiting 2 nd part.

[@Krogzaxants]

Great video with alot of valuable information. Thank you!

[@Potencyfunction]

More to come bcz they r having a grotwh mind set. they are able to develop ornanisations trough people´s developments and appropiate standarzided jobs effieciency.

[@prateekbohra7610]

Bro keep em coming

[@richardgordon]

Thanks a lot! I learned a lot.

[@stevo948]

Great vid!

[@RyomaG]

Very informative video, thank you!

[@smo1062]

Great videos, thanks for creating and sharing :)

[@ricwurui]

Great video. Thanks!

[@prakhargupta852]

Can't wait for part 2.....

[@user-pi9yh6vq9h]

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[@gabolillotravels]

Great content! When is the next one coming?

[@user-pi9yh6vq9h]

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[@gsftom]

Thanks for sharing!

[@loremipsum3625]

thanks for the video 🙏

[@kushmalde1843]

This is so good!

[@shashankgoudboorgu7921]

Excellent video!!!

[@follcatala]

Awesome content! Can't wait for the rest of the series!!

[@Gourab__paul]

Wow! Do you also have the presentation.Will you share the contents of the PPT. I will stick it on my wall,

[@user-pi9yh6vq9h]

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[@ricklil8174]

Very good video!!

[@AurelioPita]

Great work, my friend.

[@plinh6473]

As an amateur investor, I find myself thinking too much while Charlie's way is simple and obvious.

[@JackTGreat]

There's no such thing as thinking too much, just thinking about the wrong thing.

[@perilousjose6622]

Analysis paralysis

[@Jun-zq3bn]

timely video as i just read the mental models blog on farnam street!

[@Jun-zq3bn]

beware of scams from bots

[@spdwivedi5925]

Great start man

[@algreen1]

Thank you for making this, really enjoyed it & thanks for the comment feature. Looking forward to more parts :)

[@erkinarslan2891]

so inspiring ..thanx

[@hariharann3718]

Thank you for the video sir.

[@TaborSmith]

Mind blowing video. Thank you.

[@ostrich9999]

wonderful insights and templates for the challenge called LIFE! Does Charlie have templates of the various subsets of the the sciences i.e wave theory, electro-magnetism, astronomy, biology, chemistry etc. Did Munger publish these templates? thanks in advance!

[@cryptotrading5672]

Very informative thank you

[@igrai]

Excellent stuff, man

[@user-pi9yh6vq9h]

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[@christopherwilcox1]

This is awesome!!

[@jguillermooliver]

Nice, I want more.

[@moshashem]

First thanks i was looking for this for long time, second is there a book that has more details about these mental models ?

[@lunardiramli8010]

hi, may i know where do you get those of all munger's mental models? Is there any books that explain about it? Thanks in advance! Great summaries!

[@OrenTube70]

Great video.

[@josearayavalenzuela1892]

Thanks, great video!!!

[@user-pi9yh6vq9h]

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[@francondado]

What program do u use to make dat amazing videos!!??

[@fixedshot]

Is there a book of this? this would be great!

[@miskovv1]

Your ability to absorb, recapitulate and present knowledge in such a visual way keeps impressing me! Awesome video as usual! Thank you very much :)

[@TheSwedishInvestor]

I'm flattered by your kind words! Cheers miskovic 🙌

[@bilingualchanel5195]

part 2 plz :)

[@lakshmannalucky679]

Superb information

[@ChiChi-sw5iu]

I love the Warren x Charlie duo 😌👍

[@pauljohny200]

Informative thanks

[@user-pi9yh6vq9h]

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[@kennethdyry2852]

Awesome content

[@WilliamJonesChess]

Best moments You can pick mentors who are dead It is not the learning that is so hard. It is the unlearning. 17:25

[@user-pi9yh6vq9h]

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[@BossFloYeaLike]

This is truly great info! Thank you!

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You are amazing. Thank you

[@laviutube]

Great Job

[@antont229]

Thanks man! 😀

[@user-pi9yh6vq9h]

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[@agustinizaguirre9460]

I think that KZbin videos are nothing like books, clearly but Also are very helpful. So you should learn with both books an audiovisual material. Also talk with smart people, etc etc

[@alwynkotze9891]

I would say this is a great video content wise and I'd say I picked up a few good bits of knowledge. The jokes are really bad though, but it's definitely not your fault that you're Swedish and also not your fault that Swedish people aren't funny. Other than that, top video - keep it up!