Flaw
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Charlie Munger’s mental model was simple: long-term value is easier to sustain when all stakeholders are aligned in keeping the value intact. If that alignment breaks, sustainability becomes a struggle. https://x.com/TheTimeInvestor/status/1994072989403414971
- This mental filter saved Mohnish weeks of work, as he reflected later.
- Charlie, as Warren Buffett once said, had 'the best 30-second mind in the world.' He could instantly spot the flaw.