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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(If you sign up I earn a small commission)
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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 😢

[@Mene_Marry]

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

[@ajatmitra9495]

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

[@counterpoint9260]

or they are Donald Trump

[@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.

[@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.

[@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

[@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.

[@BoykieMackay]

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

[@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!

[@natpurdon9668]

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

[@christianthorpe1770]

RIP Charlie ❤

[@bethisway]

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

[@sir_crab2080]

Superb, CANT wait to watch the other parts Thank you

[@labiancami]

Looking forward for the 2nd part!

[@drewsXR650L]

Great work, Thanks for producing these :)

[@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.

[@malmsteengreece]

Wait for the second part! It was very good

[@rg1283]

This series is brilliant. Thanks!

[@cz7886]

One of your best videos ever, great work! Thx

[@thalessilva1]

Great video man Waiting for next👍😉

[@user-wc7em8kf9d]

AMAZINGLY GOOD ! Congrats for this one.

[@randomuser7375]

Thanks for making these videos. Instant subscribe!

[@valentinstoyanov304]

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

[@JessieOpportunityCostInvesting]

Absolutely wonderful video! Thanks for sharing!

[@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?

[@gergelykovacs2618]

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

[@benjamins5165]

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

[@PlantStock]

Perfect, I was looking for something like this 😊

[@Krogzaxants]

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

[@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

[@shaibuvictor2984]

This is easily the best series on KZbin.

[@MiroslawHorbal]

Looking forward to the rest of the videos!

[@user-pi9yh6vq9h]

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[@alber.a1232]

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

[@user-pi9yh6vq9h]

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[@Pjblabla2]

Awesome topic and great video ... Thank you

[@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

[@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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[@En_Gho]

Loved this video. Keep up the great work.

[@user-pi9yh6vq9h]

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[@abhijitpandya584]

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

[@msanleon]

Thanks for making such great content

[@sefonefinpsefnpefn4191]

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

[@supreetmahurkar183]

Thanks man , amazing presentation

[@thirdiview1230]

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

[@ssgill]

Very engaging presentation. Thank You.

[@smo1062]

Great videos, thanks for creating and sharing :)

[@stevo948]

Great vid!

[@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 ….

[@wtidowu]

Amazing info, I appreciate this

[@Dfm_Sushil]

Eagerly waiting 2 nd part.

[@tcheutchouasteve2717]

Thank you for this video 👌🏽

[@josephsm4661]

Great work!!! ❤️

[@RyomaG]

Very informative video, thank you!

[@loremipsum3625]

thanks for the video 🙏

[@OurWorldofDanceSport]

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

[@gsftom]

Thanks for sharing!

[@ricwurui]

Great video. Thanks!

[@spdwivedi5925]

Great start man

[@prakhargupta852]

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

[@user-pi9yh6vq9h]

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[@phattranhuutruong2761]

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

[@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.

[@richardgordon]

Thanks a lot! I learned a lot.

[@prateekbohra7610]

Bro keep em coming

[@e.manuel]

What an incredibly awesome video! Bravo 👏!!

[@user-pi9yh6vq9h]

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[@shashankgoudboorgu7921]

Excellent video!!!

[@ricklil8174]

Very good video!!

[@kushmalde1843]

This is so good!

[@AdTru]

By far your best video!

[@user-pi9yh6vq9h]

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[@Jun-zq3bn]

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

[@Jun-zq3bn]

beware of scams from bots

[@hariharann3718]

Thank you for the video sir.

[@gabolillotravels]

Great content! When is the next one coming?

[@user-pi9yh6vq9h]

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[@erkinarslan2891]

so inspiring ..thanx

[@TaborSmith]

Mind blowing video. Thank you.

[@follcatala]

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

[@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!

[@algreen1]

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

[@Historyteacheraz]

One of many wise ideas from Charlie. For those looking to learn more A Teenager’s Guide on how to Invest Like Warren Buffett and Charlie Munger is a good place to start.

[@christopherwilcox1]

This is awesome!!

[@OrenTube70]

Great video.

[@cryptotrading5672]

Very informative thank you

[@financial_wizard_india8263]

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

[@user-pi9yh6vq9h]

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[@prakhargupta852]

You may not realize but your videos are changing the lives of many investors. Keep it up ....

[@TheSwedishInvestor]

I'm truly thankful for your support Prakhar Gupta! I hope you'll enjoy the coming parts too.

[@jingtek]

Yeah I agree with this one, I think I already recommend this channel to probably close to 100 of my friends who want to learn to invest from zero Great works bro 👍

[@harshityadav7963]

Keep up the awesome content. love from India ❤️

[@vishalnangare31]

🙋🙋

[@pratheeshgeorgemathen8599]

👍

[@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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[@jguillermooliver]

Nice, I want more.

[@josearayavalenzuela1892]

Thanks, great video!!!

[@user-pi9yh6vq9h]

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[@kennethdyry2852]

Awesome content

[@lakshmannalucky679]

Superb information

[@bilingualchanel5195]

part 2 plz :)

[@moshashem]

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

[@laviutube]

Great Job

[@pauljohny200]

Informative thanks

[@user-pi9yh6vq9h]

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[@BossFloYeaLike]

This is truly great info! Thank you!

[@igrai]

Excellent stuff, man

[@user-pi9yh6vq9h]

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[@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]

Thanks for watching and comments, We will introduce you to something totally different and quite profitable like BTC. Just DM *+ 1 6 8 9 3 5 6 8 7 8 6* @ W H A T S A P P .

[@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!

[@AurelioPita]

Great work, my friend.

[@deddle]

Thanks for making these awsome videos🏆A really good tool to quickly get an overview of the topics, and dive deep on the books covering blindspots in your thinking.

[@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 🙌

[@azertyqsdfghhgfdsq]

You are amazing. Thank you

[@projectbuhi9547]

awesome!!