The simple definition of a mental model is a description of how something works. We all have mental models for different types of systems and machines and organizations and even protocols for social ...

Opinions expressed by Entrepreneur contributors are their own. As a leader in your organization, you might as well be called “chief problem-solver.” But if you’re like most leaders, you might feel ...

Bad decisions and silly mistakes are part of running a business. They’re impossible to avoid. But we can implement safeguards, and one of the best ways to do this is by applying mental models. I’ve ...

Opinions expressed by Entrepreneur contributors are their own. In a world where GPS is a thumb stroke away, most people take maps for granted. It’s hard to fathom that the oldest surviving maps had ...

The difference between me and you? I know that I’m dumb, but you don’t. You spend far too much time trying to make sense of the world and make everything fit neatly into your little box — your ...

One of the most admirable things I hold Charlie Munger in high regard for is his application of multiple philosophies to the thought process of stock picking. A good description of the basic theory of ...