Charlie Munger (Vice Chairman of Berkshire Hathaway) has always attributed his stock market success to a series of mental models and tricks he learnt at a young age. In this video let’s dive into 5 of the psychological tricks that have helped both him and Warren Buffett achieve such resounding outperformance in the field of stock market investing. Full Interview: https://www.youtube.com/watch?v=Rh1WCzfCP24 New Money Clips: https://www.youtube.com/channel/UC2SsZqmrOaiy-ZAnTjWdw4g If you'd like to try Sharesight, please use my referral link to support the channel! :D https://www.sharesight.com/newmoney/?utm_source=aff-newmoney&utm_medium=affiliates&utm_campaign=aff-newmoney (remember you get 4 months free if you sign up to an annual subscription!) ★ ★ SUPPORT NEW MONEY ON PATREON ★ ★ Check it out here ► https://www.patreon.com/newmoney ★ ★ PROFITFUL ★ ★ Learn to Invest with Brandon van der Kolk (BUNDLE OFFER) ► http://bit.ly/learntoinvestbundle Learn to Master Your Tax Return (SPECIAL OFFER) ► https://bit.ly/3127TdE ★ ★ CONTENTS ★ ★ 0:00 Intro 1:08 Invert! 4:24 Know What You Don't Know 7:56 Rational Thinking 10:23 Keep It Simple! 12:23 Read a lot! #charliemunger #stockmarket DISCLAIMER: Neither New Money or Brandon van der Kolk are financial advisers. The information provided in this video is for general information only and should not be taken as professional advice. There are risks involved with stock market investing and consumers should not act upon the content or information found here without first seeking advice from an accountant, financial planner, lawyer or other professional. Consumers should always research companies individually and define a strategy before making decisions. Brandon van der Kolk and New Money are not liable for any loss incurred, arising from the use of, or reliance on, the information provided by this video.