Mental Models are frameworks that one uses to think about the world. Studying the Mental Models of successful people is one of the best ways to learn from them. Here are all Wealth Potion articles about Mental Models.
High Time Preference vs. Low Time Preference What is the definition of success? This sounds like a simple question, but I promise there is an important lesson here. Success is “the accomplishment of an aim or purpose.” You can choose which aim or purpose you wish to pursue. But regardless of what you choose to […]
The Importance of Time Preference in 2024 Read More »
Do you use Cathedral Thinking? If not, you should. Cathedral thinking is a concept born from the medieval times about thinking in the time-span of multiple generations. Cathedrals and other ancient works of architecture often took decades, sometimes centuries, to build. It’s a sign of a society with a healthy relationship with long-term planning, patience,
#017: What is Cathedral Thinking and How to Use it to Grow Wealth Read More »
Legendary investor and Co-Founder of Oaktree Capital, Howard Marks, puts out memos on his website on a regular basis. Many investors, including Warren Buffett, have very high praise for these memos: “When I see memos from Howard Marks in my mail, they’re the first thing I open and read. I always learn something.” – Warren
#012: Taking the Temperature – Breaking Down Howard Marks’ Memo Read More »
