Inversion The billionaire thinking skill you were never taught

Inversion The billionaire thinking skill you were never taughtInversion The billionaire thinking skill you were never taughtAll I want to know is where Im going to die, so Ill never go there.These are the famous words of Charlie Munger, the geschftlicher umgang partner of Warren Buffett and Vice Chairman of the multi-billion dollar company, Berkshire Hathaway.Charlie Munger is an American businessman and investor with a net worth close to 2 billion dollars.Although Munger credits some of his and Buffetts success to skill and knowledge, he often mentions that the way they think about solving problems is crucial to their success.Specifically, Munger suggests that thinking about and planning for the opposite of what you want to happen could give you a competitive advantage in anything you do.This thinking technique, also known as inversion, has been used by great thinkers, scientists, Stoics and innovators throughout history.Its a counterintuitive way of thinking that we were never taug ht in school, yet it is crucial for solving difficult problems in a unique way and making good decisions consistently.Heres what you need to know about inversion and how to apply it in your life to solve difficult problems easier, improve your decision-making and innovate better ideas.The inversion technique explainedInversion is a way of thinking about what you want to achieve in reverse.In other words, instead of only thinking forward about what you need to do to get what you want, youd flip it in reverse and think backwards about what you dont want to happen.For example, when I had just started public speaking and struggled with fear, I focused on avoiding the mistakes of a bad speech, instead of focusing on how to deliver a good speech.Another example was when I was writing this article. Instead of thinking about what i need to write a good article, I focused on avoiding the mistakes in writing a bad article - over complicated use of language, repetitive words, no practical tak eaway etc.The inversion technique originated from German mathematician, Carl Jacobi, who made significant contributions to different scientific fields throughout his career.Particularly, Carl Jacobi was well-known for solving difficult problems by using the simple strategy of man bedingung immer umkehren, or in other words, Invert, always invert.Carl Jacobi believed that hard problems could be solved easier and quicker by expressing them in the opposite way.By asking the question of what would happen if the opposite was true, Carl Jacobi innovated solutions to familiar problems which helped him to make unique contributions to his field of work.Success equals good decisions minus bad decisionsThe most powerful benefit of using the inversion technique is that it will help you to avoid the bad decisions preventing you from achieving your goals.Charlie Munger highlights this pointIt is remarkable how much long-term advantage people like us have gotten by trying to be consistently not st upid, instead of trying to be very intelligent.Invert, always invert Turn a situation or problem upside down. Look at it backward. What happens if all our plans go wrong? Where dont we want to go, and how do you get there? Instead of looking for success, make a list of how to fail insteadthrough sloth, envy, resentment, self-pity, entitlement, all the mental habits of self-defeat. Avoid these qualities and you will succeed. Tell me where Im going to die so I dont go there.By simply thinking about what you want to avoid or the opposite of what you want to achieve, you can plan effectively to prevent failure.Combined with forward thinking, backwards or inversion thinking could help you to unlock solutions to difficult problems that may have been unternehmensverbund you back for years.As Munger states, it is not enough to think problems through forward. You must also think in reverse, much like the rustic who wanted to know where he was going to die so that hed never go there. Indeed, many problems cant be solved forward. And that is why the great algebraist, Carl Jacobi, so often said invert, always invert. And why Pythagoras thought in reverse to prove that the square root of two was an irrational number.Via Damn Right Behind the Scenes with Berkshire Hathaway Billionaire Charlie Munger.Billionaire Warren Buffett also uses a similar inversion technique to make his business and investment decisions.Instead of focusing on how to make more money, like most business leaders do, Buffett focuses on how to not lose moneyRule No. 1 Never lose money. Rule No. 2 Never forget rule No. 1. Warren BuffettHow to use inversion to solve difficult problemsFirst, you would think about what you want to happen. Then, simply flip this around into the opposite scenario and brainstorm opposite solutions that will help you to achieve what you dont want to happen.Afterwards, you would brainstorm preventive solutions to prevent these opposite solutions from happening.Here are three simp le examples using the inversion technique to create solutions to every day problemsWhat you want to happen How can I get new customers?The Opposite of what you want to happen (Inversion) How can I prevent the business from attracting new customers?Opposite solutions reduce the promotion of the business, dont share the benefits of working with your business, avoid research into understanding what customers really want.Preventive solutions Run free giveaway promotions, promote the benefits of the business on social media, interview potential customers.What you want to happen How can I lose weight?The Opposite of what you want to happen (Inversion) How can I prevent myself from losing weight.Opposite solutions avoid reducing the daily calories you consume, focus on quick results instead of change in habits, dont track or measure your diet and exercise routine.Preventive solutions make it easier to eat healthy and harder to eat unhealthy by changing your environment, use a daily fitness app to track your meals and a journal to track your workouts, skip a meal to eat less.What you want to happen How can I become a better leader?The Opposite of what you want to happen (Inversion) How can I prevent myself from becoming a better leader?Opposite solutions blame the people you lead for everything that goes wrong and take all the credit when things go right. Make demands from your gruppe that youre not willing to do. Discourage your team from making contributions.Preventive solutions Lead by example. Listen 80 percent of the time and talk the other 20 percent. Reward and recognise your team for their efforts. Encourage new ideas and open criticism.Think oppositeWe have a tendency to look ahead to the future for how we want to achieve our goals- but, this may not always be the most effective way to avoid bad decisions that prevent us from making progress.Instead of focusing on what you want to happen, you can use the inversion technique to think about what you dont want t o happen and plan to avoid this.Inversion is a powerful thinking skill that could help you to solve difficult problems easier and make better decisions in a unique, well-balanced and less risky way.TakeawayPick your most important goal and use the inversion technique to think about the opposite of what you want to happen. Then, write down different ways you could avoid this failure.- - - Mayo Oshin writes atMayoOshin.com, where he shares practical self-improvement ideas and proven science for better health, productivity and creativity.To get practical ideas on how to stop procrastinating and build healthy habits, you can join his free weekly newsletterhere.A version of thisarticleoriginally appeared atmayooshin.comas Inversion The Billionaire Thinking Skill You Were Never Taught in School.FootnotesThanks to Shane Parrish from Farnam Street for inspiring some of the ideas in this post.Note that inversion is different from beginning with the end in mind i.e. Stephen Coveys 7 habits. Inversion is focused on thinking about the opposite of what you want to achieve.