Charlie Mungers 19 Models

Charlie mungers 19 mental models:

Model 1 : Mathematics (Probability ,Decision Trees,Law of Large Numbers,Compound Interest, Present Value)
Model 2: Accounting
Model 3: Legal system
Model 4: The Five W’s (who, what, when, where, and why and "Invert, always invert.")
Model 5: Basic Statistics (Mean ,Median,Regression to the Mean, Std Deviation & Normal Distribution)
Model 6: The Engineering Idea of Backups
Model 7: The Engineering Idea of Breakpoints
Model 8: Physics (Equilibrium Theory,Critical Mass,)

Model 9: Know your Cognitive Limits
Model 10: Microeconomics
Model 11: Advantages/Disadvantages of Scale
Model 12: Pavlovian Association (Classic and Instrumental Conditioning)
Model 13: Competitive Destruction
Model 14: Surfing
Model 15: Stock Market is like a Pari-Mutuel System

Model 16: Social Proof/ Psychology of Investing (Availability Bias,Representativenes ,Anchoring, Excessive Optimism,Overconfidence, llusion of Validity, First Conclusion bias, Hindsight Bias, Loss Aversion and Loss Realization, Mental Accounting and Risk Tolerance, Regret Complex)

Model 17: Chemistry (Autoctalyst)
Model 18: Biology
Model 19: Lollapalooza Effects

ALL models we will discuss in deatilsnext post