From the The third book in the timeless Great Mental Models series. Time and time again, great thinkers such as Charlie Munger and Warren Buffett have credited their success to mental models–representations of how something works that can scale onto other fields. Mastering a small number of mental models enables you to rapidly grasp new information, identify patterns others miss, and avoid the common mistakes that hold people back. Volume 3 of Some of the mental models covered in this book include: <The Great Mental Models< series demystifies once elusive concepts and illuminates rich knowledge that traditional education overlooks. This series is the most comprehensive and accessible guide on using mental models to better understand our world, solve problems, and gain an advantage.

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Shane Parrish is the author of the New York Times bestseller Clear Thinking. He is an entrepreneur and wisdom seeker behind the popular website Farnam Street, where he focuses on turning timeless insights into action. His work has been featured in nearly every major publication, including The New York Times, The Wall Street Journal, and The Economist. His weekly newsletter, Brain Food, has captivated the minds of over half a million subscribers worldwide and his podcast, The Knowledge Project, is one of the most popular in the world.