For me to "apply Munger's theory of misjudgment in this startup to make it better" would basically entail putting myself in that startup's environment, probing the situation to get a sense of what's going on, and then using all the "mental models" or "thinking tools" I've got (including a lot of stuff about human misjudgments which seem to be really useful and accurate a lot of the time) to understand their situation & think of what could be done in new and better ways.
I don't believe that the best way to solve most problems is by using formulas that are so overcertain of themselves that they presume to be able to solve someone else's problems from a distance, without knowing the details of a situation or interacting in that environment. I believe that details matter, as does close interaction with the environment that sustains your project.
Comments
Also -- in response to the thought experiment:
For me to "apply Munger's theory of misjudgment in this startup to make it better" would basically entail putting myself in that startup's environment, probing the situation to get a sense of what's going on, and then using all the "mental models" or "thinking tools" I've got (including a lot of stuff about human misjudgments which seem to be really useful and accurate a lot of the time) to understand their situation & think of what could be done in new and better ways.
I don't believe that the best way to solve most problems is by using formulas that are so overcertain of themselves that they presume to be able to solve someone else's problems from a distance, without knowing the details of a situation or interacting in that environment. I believe that details matter, as does close interaction with the environment that sustains your project.