Learn the secrets of better decisions: A talk at Ballard school

Planning for a successful retirement requires making a lot of decisions. Many of those decisions can have a significant impact upon your financial future, so it’s important to be really considered about your decision making.

But it’s not just as we approach retirement that making smart decisions becomes important. That’s why I decided to share some secrets of better decision making with pupils, parents and staff at my children’s school last week.

In my search for ways to help clients make smarter decisions I discovered the power of tools known as mental models. Investment giants Warren Buffet and Charlie Munger of Berkshire Hathaway are renowned for applying a latticework of mental models to each decision they make about which companies to invest in.

Mental models provide a framework for understanding the world around us. They’re powerful tools that can help us navigate complex situations and make better decisions.

Kathy and I have recorded a podcast episode in which I summarise the three mental models I shared last week, so look out for the link in early April to learn more about inversion, backcasting and compounding. Subscribe here or on Apple podcasts to catch this episode.