Assignment 2: Discussion—Munger’s Mental Models In his article “A Lesson on Elementary, Worldly Wisdom as it Relates to Investment Management & Business,” Charles Munger (1995) wrote about tools, techniques, and critical skills that great managers need to develop. Consider Munger’s thoughts on the importance of mental models. Respond to the following: In your own words, describe what Munger means by mental models. Examine how Munger’s concept of mental models has changed your ideas of decision making in investment management and business. Describe at least one example from your own experience where your perspective or experience provided a mode of thought that brought new light to a discussion or a tough decision. Explain how this experience has affected your decision-making process. Write your initial response in approximately 300–500 words. Apply APA standards to citation of sources. By Saturday, January 4, 2014 , post your response to the appropriate Discussion Area . Through Monday, January 6, 2014 , review and comment on at least two peers’ responses. Consider the following in your comments: Examine the discussed mental models and how they changed a decision or direction. Provide suggestions for ways to influence situations with new mental models. Munger, C. T. (1995). A lesson on elementary, worldly wisdom as it relates to investment management & business. Outstanding Investor Digest, 1, 49–63. Assignment 2 Grading Criteria Maximum Points Initial response: Was insightful, original, accurate, and timely. Was substantive and demonstrated advanced understanding of concepts. Compiled/synthesized theories and concepts drawn from a variety of sources to support statements and conclusions. 16 Discussion response and participation: Responded to a minimum of two peers in a timely manner. Offered points of view supported by research. Asked challenging questions that promoted the discussion. Drew relationships between one or more points in the discussion. 16 Writing: Wrote in a clear, concise, formal, and organized manner. Responses were error free. Information from sources, where applicable, was paraphrased appropriately and accurately cited. 8 Total: 40 .

1. Assignment 2: Discussion—Munger’s Mental Models
In his article “A Lesson on Elementary, Worldly Wisdom as it
Relates to Investment Management & Business,” Charles
Munger (1995) wrote about tools, techniques, and critical skills
that great managers need to develop.
Consider Munger’s thoughts on the importance of mental
models. Respond to the following:
In your own words, describe what Munger means by mental
models.
Examine how Munger’s concept of mental models has changed
your ideas of decision making in investment management and
business.
Describe at least one example from your own experience where
your perspective or experience provided a mode of thought that
brought new light to a discussion or a tough decision.
Explain how this experience has affected your decision-making
process.
Write your initial response in approximately 300–500 words.
Apply APA standards to citation of sources.
By
Saturday, January 4, 2014
, post your response to the appropriate
Discussion Area
. Through
Monday, January 6, 2014
, review and comment on at least two peers’ responses. Consider
the following in your comments:
Examine the discussed mental models and how they changed a
decision or direction.
Provide suggestions for ways to influence situations with new
mental models.
Munger, C. T. (1995). A lesson on elementary, worldly wisdom
as it relates to investment management & business.
Outstanding Investor Digest, 1,
49–63.

2. Assignment 2 Grading Criteria
Maximum Points
Initial response:
Was insightful, original, accurate, and timely.
Was substantive and demonstrated advanced understanding of
concepts.
Compiled/synthesized theories and concepts drawn from a
variety of sources to support statements and conclusions.
16
Discussion response and participation:
Responded to a minimum of two peers in a timely manner.
Offered points of view supported by research.
Asked challenging questions that promoted the discussion.
Drew relationships between one or more points in the
discussion.
16
Writing:
Wrote in a clear, concise, formal, and organized manner.
Responses were error free.
Information from sources, where applicable, was paraphrased
appropriately and accurately cited.
8
Total:
40