1/ Charlie Munger answers the Proust Questionaire (with edits by Tren):
What is your idea of perfect happiness?
"To help another human being know more."
Who is your hero?
Maimonides. All the philosophy and writing he did was after working 12 hours a day as a physician.
What is your idea of perfect happiness?
"To help another human being know more."
Who is your hero?
Maimonides. All the philosophy and writing he did was after working 12 hours a day as a physician.
2/ What was your most miserable experience?
"I can't imagine any experience in worse than losing a child inch by inch." In 1955 Teddy Munger passed away from leukemia.
What do you think of this questionnaire?
"Don't neglect your businessto think great thoughts about Proust."
"I can't imagine any experience in worse than losing a child inch by inch." In 1955 Teddy Munger passed away from leukemia.
What do you think of this questionnaire?
"Don't neglect your businessto think great thoughts about Proust."
3/ What is the most overrated aspect of investing?
"Avoiding diversification, if you are among the top 3% of investors."
What do you think causes the most problems in investing?
"The 40% of investors who falsely believe they are in the top 3% of investors."
"Avoiding diversification, if you are among the top 3% of investors."
What do you think causes the most problems in investing?
"The 40% of investors who falsely believe they are in the top 3% of investors."
4/ If not yourself, who would you be?
"Ben Franklin. He was financially independent by his 40s from business, which enabled him to be a scientist, author, diplomat and the first person to call himself an American."
What is the principal aspect of your personality:
"Rational."
"Ben Franklin. He was financially independent by his 40s from business, which enabled him to be a scientist, author, diplomat and the first person to call himself an American."
What is the principal aspect of your personality:
"Rational."
5/ What is your favorite occupation?
"Working for myself creating a new business, despite the success I have had as an investor."
What is you most miserable investing experience?
"Shorting a fraud and then watching the stock going up 3X while the crooks are partying."
"Working for myself creating a new business, despite the success I have had as an investor."
What is you most miserable investing experience?
"Shorting a fraud and then watching the stock going up 3X while the crooks are partying."
6/ What is your biggest fault?
"Saying exactly what I believe, without taking the feelings of other people into account. That aspect of my personality is not a good model for other people."
Where would you like to die?
"In a place I know well, so I can avoid going there."
"Saying exactly what I believe, without taking the feelings of other people into account. That aspect of my personality is not a good model for other people."
Where would you like to die?
"In a place I know well, so I can avoid going there."
7/ What phrase do you most overuse?
"I have nothing to add."
Some answers above are slightly edited. But the spirit is in this quote collection that I started before there were any books on him 25iq.com/quotations/cha… Every quote is footnoted in my book: amazon.com/gp/aw/d/023117…
"I have nothing to add."
Some answers above are slightly edited. But the spirit is in this quote collection that I started before there were any books on him 25iq.com/quotations/cha… Every quote is footnoted in my book: amazon.com/gp/aw/d/023117…
