This massive episode was originally episode number 500.

It was multiple interviews over time, meant to be timeless, with one Charles Faulkner.

Charles was originally featured in the New Market Wizards, and he has a certain perspective

about trading psychology,

for lack of a better term.

He has a perspective on the human condition.

And if you can't learn something from this conversation

about you and other people,

well, I got to tell you, just give up because it's over.

Without any further delay from me, let's jump right into this very long, multiple episodes

with Charles Faulkner.

Music First things I wanted to talk about, because I just thought was an interesting, maybe kind of broad overview, Charles, would be the idea of maps.

You know, it's such a simple thing.

You know, just kids, we all, you know, I remember trying to draw the map of the 50 states.

And I used to be able to draw the map of the 50 states in like fifth grade or something by memory.

And you, just a little tiny, you know, vignette.

But talk to me about maps and how you see maps.

And feel free to be as detailed as you want and maybe start people off

gingerly with and then kind of move through the progression of how you use maps and think about

maps well yeah they call them maps or charlie munger calls them mental models different people

have different words words for this idea that when we think about something, we make some

sort of a picture of it, if you will, and we now know enough about connectivist psychology that

...