Farnam Street’s Great Mental Models | Value Investing News

Farnam Street’s Great Mental Models

  • Hanlon’s Razor is an example of a mental model that can help us make better decisions in life but, taken in isolation, a single mental model can be ineffective or even dangerous.
  • This is the value of putting the knowledge contained in mental models into a latticework.”
  • Occam’s Razor encapsulates a very straight forward concept: We should default to explanations that are simple rather than complicated when the simple explanation adequately describes a situation.
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