Question: 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.