Assignment: Discussion-Munger's Mental Models
In his article "A Lesson on Elementary, Worldly Wisdom as it Relates to Investment Management & Business," Charles Munger (1995) wrote about tools, techniques, and critical skills that great managers need to develop.
Consider Munger's thoughts on the importance of mental models. Respond to the following:
• In your own words, describe what Munger means by mental models.
• Examine how Munger's concept of mental models has changed your ideas of decision making in investment management and business.
• Describe at least one example from your own experience where your perspective or experience provided a mode of thought that brought new light to a discussion or a tough decision.
• Explain how this experience has affected your decision-making process.
Munger, C. T. (1995). A lesson on elementary, worldly wisdom as it relates to investment management & business. Outstanding Investor Digest, 1, 49-63.
Format your assignment according to the following formatting requirements:
1. The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also include a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
3. Also Include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.