Charlie Munger talks about inversion and mental model – an abstraction or simplification of a system. These are the two core tenets to which he credits his wisdom. I am yet to read a comprehensive book on inversion, but I stumbled upon this book in one of my booklists on Amazon.
I have been reading on Options a lot lately, as a result, have been unable to post any books that I have read recently. I believe the options post in the future will contain the couple of books I have read and reading as I type.
The Mental Models book is an easy and a short read by Kevin Wagonfoot and gives you a flavour of how mentals models can help us form an informed view about the world.
The book covers themes such as
- Decision making
- Dealing with others
- Explaining and understanding
The below passage from the book summarises what the book is about.
Each model is a simplified version of some aspect of reality we want to learn more about. Imagine a map, it is a simplified abstract way to understand physical space. The map isn’t exactly like the land it represents, but it can tell us valuable information area it represents.