(Excerpt from The Great Mental Models Volume 1: General Thinking Concepts by Shane Parrish) But what physicists do so well, and most of us do so poorly, is that they carefully delimit what Newtonian and Einsteinian...
(Extracted from University of Berkshire Hathaway by Daniel Pecaut and Corey Wrenn) Munger observed that the most extreme mistakes in Berkshire’s history show up as opportunity costs. … In his younger...