The 1 thing you need for decision making

If anyone has ever read Poor Charlie Munger’s Almanack, a fantastic insight into the partner of one of the best Investors on the planet. You will know what I mean when I say using multiple mental frameworks for making decisions.

I wholeheartedly agree with attacking things from multiple angles. When testing software such as apps or websites, you must have in mind the user, the product manager and the developer. Then attack from all those angles to improve the value of the software.

Charlie Munger though, takes it a lot further. Suggesting that we should use the basics of Maths, Psychology, Engineering, Biology including evolutionary biology to solve our problems. Suggesting to derive some 80 different types of mental frameworks from these subjects. Of course,  you can broaden the topics you find your mental models from, but not shrink them.

A very interesting and useful concept. It may seem difficult and odd to think of solving problems on these levels, but it can be done. Plus, it’s extremely effective in weeding out some of those things that you hadn’t thought about, because you are using multiple viewpoints.

For example, setting up new businesses, in the new world of software, we want to give the customer fast feedback on what is being created. This is so that you don’t waste huge amounts of effort that will not be useful to the customer later on.

This simple principle can be applied into any aspect of setting up a business. If you have an idea in mind, it’s much better to try it quickly and cheaply, then gather feedback and iterate over the idea.

Starting up a new business from an evolutionary perspective, you would try an array of ideas and pick the ones that shows promise and iterate over that until 1 or 2 ideas have wings.

I’ve just used a few mental models here to show you, but these can be broken down and looked at from even more mental models, like quality, decision tree theory, basic algebra, efficient ecosystems, human psychology and many more.

I believe that what we learn in one discipline is transferred in other disciplines. As you can see, things that I have learnt in software engineering have been transferred over into other areas like business and vice versa. I don’t see why you cannot transfer lessons learnt from martial arts and transfer those into your daily lives, while on the job or with your family life!

What opportunities do you have to attack problems from these new and wonderful viewpoints? If you’re not doing so, why not give it a try? You will be amazed at what you will find!