1: “Invert.  Always invert.” Charlie Munger loved to quote the great algebraist Carl Jacobi.

Inversion is defined as: “A reversal of position, order, form, or relationship.”

Charlie is telling us the power of “turning the question backward.”  Because “many hard problems are best solved only when they are addressed backward” he writes in  Poor Charlie’s Almanack. 

So that was his approach when he was invited to give a … continue reading