Many people think that successful investors rely on some secret formula or Wall Street theories. Actually, that's not the case.

Charlie Munger's investment career tells us another truth: true competitiveness comes from continuously iterating one's way of thinking. A phrase he often repeats is—"Always look for better mental models." It sounds simple, but implementing it requires extreme greed.

What are multiple mental models? In plain terms, it means you need to master core logic from various fields such as physics, psychology, economics, history, and more, rather than just knowing one set. Someone who only understands finance might be at a loss when market fluctuations occur; but someone who also understands human nature, systems theory, and probability can see through many investment traps.

The same applies to crypto asset investing. Many chase hot trends or look at candlestick charts, only to end up losing everything. But those who make long-term profits often understand how to evaluate a project from multiple dimensions—technical architecture, economic incentives, community ecology, regulatory trends, and more. This is the power of multiple mental models in practical application.

Munger's core investment principle is simply this: use richer, more profound thinking frameworks to understand the world. The more perspectives, the fewer mistakes.