5 Simple Notions that Help Solve Problems

Here are five simple notions, found inĀ Damn Right!: Behind the Scenes with Berkshire Hathaway Billionaire Charlie Munger, that Charlie Munger, the Billionaire business partner of Warren Buffett, finds helpful in solving problems.

1. Simplify

2. Numerical Fluency

3. Invert

4. Study The Basics

5. Lollapalooza Effects

http://www.farnamstreetblog.com/

Related Posts

  • 57
    Peter Lynch held a lecture (speech + Q&A) at the National Press Club on the topic, U.S. economic investments. https://www.youtube.com/watch?v=2GqVXPtx9Rw
    Tags: munger
  • 56
    This is the book that all of us that us who love the wit and wisdom of Mr. Munger have been waiting for. It's an absolutely first class production that contains biographical information on Mr. Munger and, most importantly, finally allows all of us to read and study Mr. Munger's…
    Tags: munger, study
  • 48
    The US New Home Sales report is essential for assessing the housing market's health and the overall economy. It reflects consumer confidence and economic conditions, impacting job creation and monetary policy. Influenced by interest rates, economic health, demographics, and government policies, this report illuminates broader economic trends and aids stakeholders…
    Tags: munger
  • 47
    The US Conference Board Consumer Confidence Index measures American public sentiment on economic conditions, impacting spending and growth. The index, derived from surveys, has two components: Present Situation and Expectations. High consumer confidence spurs spending, while low confidence may curtail it. Employment, economic news, and political events shape confidence, which…
    Tags: munger
  • 45
    This week promises to be another bustling period for traders and investors alike, packed with key economic indicators and earnings reports that could sway market sentiments and trading strategies. Here's a closer look at the events on the horizon: Monday: New Home Sales Data The week kicks off with the…
    Tags: munger