Charlie Munger

This revision is from 2023/11/29 10:57. You can Restore it.

"If you make yourself a very reliable person and stay reliable all your life, faithfully doing whatever you engage to do, it will be very hard for you to fail at anything you want."

November 28 - https://www.berkshirehathaway.com/news/nov2823.pdf

“The world is not driven by greed. It's driven by envy. I have conquered envy in my own life. I don't envy anybody"

On Elon Musk https://youtube.com/shorts/1XkcVFyRhNs

On people who try to teach others … how to trade in stocks … https://youtube.com/shorts/jYDeRRTEABE

David Senra had dinner with Charlie Munger. https://twitter.com/FoundersPodcast/status/1638222631676551170 - Go for Great

1. Charlie looks at everything through the lens of history. Human nature does not change. The same behaviors repeat forever.
2. Problems from time to time should be expected. This is an inescapable part of life.
3. Wise people do not whine about problems. They prevent them: "Wisdom is prevention." —Charlie Munger
4. Great businesses are rare. Great people are rare too. Great people and great businesses produce fewer problems.

Your Mission in life is to get into a great business (and stay there) and build relationships with great people. Doing that will prevent the majority of problems that are under your control.