Worldly Wisdom: Non‑Finance Mental Models Every Investor Needs
Non‑finance mental models might sound abstract, but they quietly shape how investors see risk, cycles, and opportunity. Charlie Munger calls this “worldly wisdom”: borrowing simple ideas from physics, engineering, biology, and history to make better real‑world decisions. From physics and engineering, you get models like critical mass, breakpoints, and feedback loops. They explain why markets feel calm…