A Latticework of Mental Models
In April 1994, at the Marshall School of Business of the University of Southern California (USC), students in Dr. Guilford Babcock's Student Investment Seminar got a rare treat: a powerful dose of real-world knowledge from a man whose thoughts on money are widely considered priceless. Charles Munger - Charlie, as he is known throughout the investment world - is vice chairman of Berkshire Hathaway, the holding company run by Warren Buffet, the world's most famous investor. Trained originally as an attorney, Charlie is Buffet's business partner, friend, and straight man.
"This broad-based approach to understanding is the heart of a liberal arts approach to investing. It is no longer enough to just acquire and master the basics in accounting, economics, and finance To generate good investment returns, I believe, requires much more. It is driven by a keen mental appetite to discover and use new insights regardless of what Dewey decimal number they bear or how unrelated they may at first appear."
John Kay...
"There isn't a single story."
Andrew Lo
It's the environment Stupid!
Anatole Kaletsky...
An Absurd Delusion....
Queen Elizabeth...
A framework/platform for new thinking...
Modular-Finance is an Evolving concept not a universal Model/Theory
As new ideas and technology advance, they must be incorporated... Mungers World/Time is different from yours...it's a process/system not a finite body of facts/knowledge...you can memorize...
Roger Martin...
Integrative Thinking
Maria Popova....
Combinatory Play...
Hedgeye / Soccer and yhe EMERGENCE of Social Media
New Models Wanted:
Modular-Finance
Complexity Science and Design Thinking applied to Financial Systems and Decision Making.....
Simply Put - When you focus on Winning - The Strategy Changes
You dig deeper, you work harder, you see more, you become more creative - because there is something magical about winning - not to mention survival.....This is the next level, the essence of ModularFinance....In TMW the possibilities are infinite....If you are willing to go beyond the obvious....Competition, the will to win drives the process.....
Doing what it takes to get the job done......
Collaboration, Communication, Innovation
A World of Expanding Possibilities - What if's
ModularFinance is a balancing Act - Deliberate and emerging strategies - Holding conflicting viewpoints - fish don't swim in pure water...Antifragility
Why Finance is Different.......
An Interdisiplinary Approach to To Problem of Uncertainty
The Theory of Evolution is supported by the Science of Chaos
Genetic compression and the art of holding a positive charge strength vs weakness - fragile - robust
Making the leap to the next level or waiting for the bailout to go forward need perpetual motion and organic growth model
Understanding the conditions...
A family of families a system of systems
ModularFinance vs Structures Finance - and Structured products. ModularFinance is the world of Moving parts and changing conditions, it is the waterfall vs the clock, complexity vs newtonian physics - require a adaptive flexible approach - took me the last ten years to come up with something workable - is it the holy grail? - no - what it does is it gives us something to work with and move forward and continue to evolve
Main & Wall is The Motherboard Financial Planning and Wealth Management - First Principles...
