Search CDOQ

Sunday, December 20, 2009

Problem Sovling Checklist

Charlie Munger, one of my heroes, says that smart people are are often wrong because they don't use checklists for decision making. Here is Munger's checklist for problem solving:

1. Decide the "no-brainer" questions first
2. Apply Numerical fluency
3. Invert (think the problem in reverse)
4. Apply elementary multidisciplinary wisdom, never relying entirely upon others
5. Watch for combination of factors- the Lollapalooza effect

Munger defines Lollapalooza as the critical mass obtained via a combination of concentration, curiosity, perseverance, and self-criticism, applied through a prism of multidisciplinary mental models.