Acquired · Glossary · Concept
Mental models
Charlie Munger's idea that competence comes from holding a latticework of decision-making frames from many disciplines, not from being expert in any one.
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Other conceptsScarcity and desireBrand mythmaking and cultureStatus goodsDistribution controlSupply controlVertical integrationNetwork effectsPlatform playCompounding profitCapital allocationFounder controlFounder tenure compoundsLong horizonThe CUDA betCapital intensity as moatGeopolitical moatInverted business modelScale economiesMental modelsNarrative as assetOrganisational inertiaPlatform shiftsOperating disciplineFocus as moat