In honor of Charlie Munger, billionaire investor and partner of Warren Buffet, I’d like to explore inversion thinking when working through difficult problems. It places thoughts in reverse, forcing people to consider avoiding failure to highlight their best paths toward success.
I first used this process with our advisory’s account-management team when we had a new executive start at one of our clients — a scenario that could have potentially disrupted our positioning and job security. I called a meeting and asked, “What can we do to make sure we strengthen our position with the client?” Being a large company with many stakeholders, executives and considerations, the team drew up blanks on how to re-secure the client and had very little to say.
