The Mental Model Fallacy

Thanks, I’ll check those books out in due course (agree the interview is v good). How certain are you of this point though? He’s pretty explicit about it, and on several occasions (so much so that checklists are somewhat synonymous with munger in investing circles).

“How can smart people so often be wrong? They don’t do what I’m telling you to do: use a checklist to be sure you get all the main models and use them together in a multimodular way"

“You need a different checklist and different mental models for different companies. I can never make it easy by saying, ‘Here are three things.’ You have to derive it yourself to ingrain it in your head for the rest of your life.”

“Use of the scientific method and effective checklists minimizes errors and omissions.”