Management Decision Models

Charles Munger (1995) wrote about tools, techniques, and critical skills that great managers need to develop in his article “A Lesson on Elementary, Worldly Wisdom as it Relates to Investment Management & Business.” Review his work by searching the Internet using the following keywords:

http://www.paladinvest.com/pifiles/MungersWorldlyWisdom.htm

Charles Munger
Worldly wisdom as it relates to investment management and business
Respond to the following:

Think of a mentor or manager who always seems to make sound choices or provides great advice. Introduce him or her briefly and discuss why you think this individual makes better choices than other people. What is unique in his or her approach?

Consider Munger’s thoughts on the importance of mental models. Give at least one example from your own experience where your unique perspective or experience provided a mode of thought that brought new light to a discussion or a tough decision.