A Mental Model For Tech And Real Estate
5 Ways To Keep Women In Tech
January 23, 2021
Oil Industry Reels as Biden Targets Fossil Fuels in First Days
January 23, 2021
Trevor Hightower from A mental model is a framework that helps us more easily understand concepts. It is an imperfect filter to process complex ideas and make connections. Achieving this type of clarity is critical to the quality of our decision-making. For this reason, renowned investor Charlie Munger recommends that we collect mental models that serve us across multiple disciplines. Accordingly to Munger, we should work to have a “latticework of models” in our heads.
In the discipline of real estate investing and ownership, a model we must add to our latticework is one that helps us understand the impact of technology on the real estate asset class. The following model is crafted for this reason: It categorizes technology’s impact into three simple categories and prompts considerations for owners and investors to consider for each.
Forbes is a global media company, focusing on business, investing, technology, entrepreneurship, leadership, and lifestyle.
