My First Million
The best business ideas come from noticing what's working and doing it better, faster, or for a different audience.
Charlie Munger's Worldly Wisdom Learning Framework
A systematic approach to gaining broad competence by learning the 2-3 most important ideas from each major discipline, creating a toolkit of mental models that can be applied across different domains.
How It Works
Most disciplines have a few key principles that carry 80% of the explanatory power. By learning these core ideas from ~300 disciplines, you build a mental toolkit that allows cross-disciplinary thinking and pattern recognition.
Components
Identify major disciplines (biology, chemistry, physics, psychology, economics, etc.)
For each discipline, find the 2-3 biggest ideas that explain most phenomena
Study these ideas until you understand their mechanisms and applications
Practice applying ideas from one discipline to problems in another
Build a collection of mental models you can quickly access
When to Use
When building foundational knowledge for entrepreneurship, investment decisions, or complex problem-solving. For anyone seeking to become a generalist thinker.
When Not to Use
When deep specialization in one field is required. When time constraints prevent broad learning. In situations requiring immediate tactical expertise.
Anti-Patterns to Avoid
Example
“Biology's key ideas include Darwinian evolution and genetics. These can be applied to business (companies evolve through market selection) or investing (look for companies with sustainable competitive advantages that help them survive market pressures).”