Tag: Charlie Munger
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Uncommon sense
Charlie Munger on uncommon sense… Competence – you can only be trusted as competent if you clearly understand the limits of your competence. The great danger of experts is they forget the limits of their expertise – “it is better to trust a man of 130 IQ who thinks he is 125 IQ, than to…
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Charlie Munger’s Inverse Thinking Process
I was watching a few Charlie Munger speeches recently – Warren Buffett’s partner in leading Berkshire Hathaway. Charlie talks a lot about “Inverse Thinking”… The Inverse Thinking Process What is Inverse Thinking? Charlie says it is helpful to turn a question on its head. If you want to know what would improve the situation of…