Chapter
Mental shortcuts, mental models and Einstein
57:47 - 1:05:49 (08:01)
Mental shortcuts can lead to flawed thinking, such as the rejection of Einstein's theory of relativity despite overwhelming evidence. It's important to be aware of our mental models and to seek out diverse opinions in order to make better decisions.
Clips
The podcast explores how Charlie Munger used mental models to think about investments and the drawbacks of relying on mental shortcuts.
57:47 - 1:00:47 (02:59)
Summary
The podcast explores how Charlie Munger used mental models to think about investments and the drawbacks of relying on mental shortcuts.
ChapterMental shortcuts, mental models and Einstein
Episode#596: Edward O. Thorp, A Man For All Markets — Beating Blackjack and Roulette, Beating the Stock Market, Spotting Bernie Madoff Early, and Knowing When Enough is Enough
PodcastThe Tim Ferriss Show
The speaker reflects on the dangers of debris on the road damaging tires, while also noting the significant heat trapping power of various gases.
1:00:47 - 1:03:27 (02:40)
Summary
The speaker reflects on the dangers of debris on the road damaging tires, while also noting the significant heat trapping power of various gases.
ChapterMental shortcuts, mental models and Einstein
Episode#596: Edward O. Thorp, A Man For All Markets — Beating Blackjack and Roulette, Beating the Stock Market, Spotting Bernie Madoff Early, and Knowing When Enough is Enough
PodcastThe Tim Ferriss Show
The Tragedy of Commons is a concept where individuals, who act independently and rationally for their self-interest, can ultimately destroy a common resource despite the fact that it is vital for them and for the community as a whole.
1:03:27 - 1:05:49 (02:21)
Summary
The Tragedy of Commons is a concept where individuals, who act independently and rationally for their self-interest, can ultimately destroy a common resource despite the fact that it is vital for them and for the community as a whole.