Problem Sovling Checklist

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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.

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