If you’re someone who is okay losing thousands of rupees in stock trading but gets angry because Zomato levies ₹4 as a platform fee, then you need to learn about mental models. Because you’re simply not thinking straight. If you can be okay losing thousands, you should be okay paying few pennies.
The other day I was discussing with one of my team mates, that a single mental model I learnt from a book can make me ₹100 crores.
That’s how precious mental models are.
Smart people load their brains with mental models. It saves them from making complicated wrong decisions.
Investors like Charlie Munger & Buffet are known for their mental models. They just have it loaded in their decision making process.
These act as life hacks (Atleast for me). It saves you time, money, efforts, years of costly mistakes and makes everyday life better.
You can learn about mental models from books like The Art Of Thinking Clearly, The Great Mental Models by Farnam Street, Thinking Fast and Slow; and there are multiple youtube videos explaining the same.
Mental models have been life changer & life saver for me. Pure life hack. Everyone should learn & develop as many as those possible.