
The Great Mental Models, Volume 4
Economics and Art
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Narrated by:
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Grover Gardner
About this listen
From the New York Times bestselling author of Clear Thinking and Farnam Street founder, Shane Parrish.
The fourth and final installment in the timeless Great Mental Models series.
Time and time again, great thinkers such as Charlie Munger and Warren Buffett have credited their success to mental models–representations of how something works that can scale onto other fields.
Mastering a small number of mental models enables you to rapidly grasp new information, identify patterns others miss, and avoid the common mistakes that hold people back.
Volume 4 of The Great Mental Models series delves into the realms of economics and art, presenting more than twenty-four valuable ideas with clear language and style. This book equips you with an understanding of the dynamics shaping our world. It will teach you strategies to leverage these principles and give you a significant edge in the aspects of life you value most.
Some of the mental models covered in this book include:
- Creative destruction: New innovations must sometimes come at the cost of maintaining the status quo.
- Representation: The depiction of an idea can be visual, but it can also rely on symbols or other ideas.
- Genre: Creative expressions tend to be grouped according to socially constructed norms; while a work can play with or bend genre, it can’t exist outside of genre.
The Great Mental Models series demystifies once elusive concepts and illuminates rich knowledge that traditional education overlooks. This series is the most comprehensive and accessible guide on using mental models to better understand our world, solve problems, and gain an advantage.
©2024 Shane Parrish (P)2024 Penguin AudioListeners also enjoyed...
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Beautifully Succinct Summary of Others Original Ideas
- By Mitch on 11-09-23
By: Morgan Housel
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Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets
- Incerto, Book 1
- By: Nassim Nicholas Taleb
- Narrated by: Joe Ochman
- Length: 8 hrs and 57 mins
- Unabridged
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Fooled by Randomness is the word-of-mouth sensation that will change the way you think about business and the world. Nassim Nicholas Taleb - veteran trader, renowned risk expert, polymathic scholar, erudite raconteur has penned a modern classic that turns on its head what we believe about luck and skill. Set against the backdrop of the most conspicuous forum in which luck is mistaken for skill - the world of trading - Fooled by Randomness provides captivating insight into one of the least understood factors in all our lives.
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Not for MBAs and Economist
- By Ekele Onuh Oscar on 06-19-19
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The Storm Before the Storm
- The Beginning of the End of the Roman Republic
- By: Mike Duncan
- Narrated by: Mike Duncan
- Length: 10 hrs and 13 mins
- Unabridged
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The Roman Republic was one of the most remarkable achievements in the history of civilization. After its founding in 509 BCE, the Romans refused to allow a single leader to seize control of the state and grab absolute power. The Roman commitment to cooperative government and peaceful transfers of power was unmatched in the history of the ancient world. But by the year 133 BCE, the republican system was unable to cope with the vast empire Rome now ruled.
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Interesting, albeit a bit dry
- By Aria on 11-14-17
By: Mike Duncan
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Thinking in Systems
- A Primer
- By: Donella H. Meadows
- Narrated by: Tia Rider Sorensen
- Length: 6 hrs and 26 mins
- Unabridged
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In the years following her role as the lead author of the international best seller, Limits to Growth - the first book to show the consequences of unchecked growth on a finite planet - Donella Meadows remained a pioneer of environmental and social analysis until her untimely death in 2001. Thinking in Systems is a concise and crucial book offering insight for problem-solving on scales ranging from the personal to the global. Edited by the Sustainability Institute's Diana Wright, this essential primer brings systems thinking out of the realm of computers and equations and into the tangible world....
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Skip to the Middle
- By John Chambers on 06-20-20
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The Most Important Thing
- Uncommon Sense for The Thoughtful Investor
- By: Howard Marks
- Narrated by: John FitzGibbon
- Length: 7 hrs and 9 mins
- Unabridged
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Howard Marks, the chairman and cofounder of Oaktree Capital Management, is renowned for his insightful assessments of market opportunity and risk. After four decades spent ascending to the top of the investment management profession, he is today sought out by the world's leading value investors, and his client memos brim with insightful commentary and a time-tested, fundamental philosophy. The Most Important Thing explains the keys to successful investment and the pitfalls that can destroy capital or ruin a career.
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Five Star Book, two Star Audiobook
- By Johnny on 06-08-15
By: Howard Marks
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Poor Charlie’s Almanack
- The Essential Wit and Wisdom of Charles T. Munger
- By: Charles T. Munger
- Narrated by: Grover Gardener
- Length: 13 hrs and 9 mins
- Unabridged
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"Spend each day trying to be a little wiser than you were when you woke up," Charles T. Munger advises in Poor Charlie’s Almanack. Originally published in 2005, this compendium of 11 talks, delivered by the legendary Berkshire Hathaway vice-chairman between 1986 and 2007, has become a touchstone for a generation of investors and entrepreneurs seeking to absorb the enduring wit and wisdom of one of the great minds of the 20th and 21st centuries.
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Wisdom from grandpa Charlie
- By J R Cavanaugh on 08-18-24
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Fooled by Randomness
- The Hidden Role of Chance in Life and in the Markets
- By: Nassim Nicholas Taleb
- Narrated by: Sean Pratt
- Length: 10 hrs and 3 mins
- Unabridged
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This audiobook is about luck, or more precisely, how we perceive and deal with luck in life and business. It is already a landmark work, and its title has entered our vocabulary. In its second edition, Fooled by Randomness is now a cornerstone for anyone interested in random outcomes.
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Pass on this one and read The Black Swan
- By Wade T. Brooks on 06-25-12
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The Essays of Warren Buffett
- Lessons for Corporate America, Fifth Edition
- By: Lawrence A. Cunningham, Warren E. Buffett
- Narrated by: Brennen Blotner
- Length: 15 hrs and 32 mins
- Unabridged
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The fifth edition of The Essays of Warren Buffett: Lessons for Corporate America continues a 25-year tradition of collating Warren Buffett's philosophy in a historic collaboration between Mr. Buffett and Prof. Lawrence Cunningham. As the book Buffett autographs most, its popularity and longevity attest to the widespread appetite for this unique compilation of Mr. Buffett’s thoughts that is at once comprehensive, non-repetitive, and digestible.
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Excellent content
- By JV on 11-08-23
By: Lawrence A. Cunningham, and others
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Letters from a Stoic
- Penguin Classics
- By: Seneca, Robin Campbell
- Narrated by: Julian Glover
- Length: 7 hrs and 38 mins
- Unabridged
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Seeing self-possession as the key to an existence lived 'in accordance with nature', the Stoic philosophy called for the restraint of animal instincts and the importance of upright ethical ideals and virtuous living. Seneca's writings are a profound, powerfully moving and inspiring declaration of the dignity of the individual mind.
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Returned - Not "Unabridged"
- By Michael Augustus Ennis on 12-03-21
By: Seneca, and others
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Peak Mind
- Find Your Focus, Own Your Attention, Invest 12 Minutes a Day
- By: Amishi P. Jha
- Narrated by: Xe Sands
- Length: 9 hrs and 28 mins
- Unabridged
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Whether you’re simply browsing, talking to friends, or trying to stay focused in an important meeting, you can’t seem to manage to hang on to your attention. No matter how hard you try, you’re somewhere else. The consequence is that you miss out on 50 percent of your life - including the most important moments.
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Was very disappointed
- By Christina on 01-13-22
By: Amishi P. Jha
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The Sirens' Call
- How Attention Became the World's Most Endangered Resource
- By: Chris Hayes
- Narrated by: Chris Hayes
- Length: 8 hrs and 54 mins
- Unabridged
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We all feel it—the distraction, the loss of focus, the addictive focus on the wrong things for too long. We bump into the zombies on their phones in the street, and sometimes they’re us. We stare in pity at the four people at the table in the restaurant, all on their phones, and then we feel the buzz in our pocket. Something has changed utterly: for most of human history, the boundary between public and private has been clear, at least in theory. Now, as Chris Hayes writes, “With the help of a few tech firms, we basically tore it down in about a decade.”
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Thoughtful and captivating
- By Nancy on 02-02-25
By: Chris Hayes
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Co-Intelligence
- Living and Working with AI
- By: Ethan Mollick
- Narrated by: Ethan Mollick
- Length: 4 hrs and 39 mins
- Unabridged
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Something new entered our world in November 2022—the first general purpose AI that could pass for a human and do the kinds of creative, innovative work that only humans could do previously. Wharton professor Ethan Mollick immediately understood what ChatGPT meant: after millions of years on our own, humans had developed a kind of co-intelligence that could augment, or even replace, human thinking. Through his writing, speaking, and teaching, Mollick has become one of the most prominent and provocative explainers of AI.
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great intro book marred by poor narration
- By Amazon Customer on 04-14-24
By: Ethan Mollick
What listeners say about The Great Mental Models, Volume 4
Average customer ratingsReviews - Please select the tabs below to change the source of reviews.
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- defenestrate
- 01-02-25
Launchpad for the lattice work
This fourth series provides fundamental models of economics and touches on some fundamentals in art, particularly performance. This work will require revisiting and exploring other fundamental texts to make them useful. I believe this series of books will be fundamental to my self-work for years to come. Charlie Munger would be proud.
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- BC
- 01-17-25
Overextended the excellent “Mental Models” series
Unlike the preceding 3 books, the concepts in TGMMv4 lack significant applications or examples outside of their sourced fields (Economics and Art).
Even if you’re a fan of the series, reconsider reading/listening this one.
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