Thread by @ItsKieranDrew

Warren Buffett once said his business partner is the smartest person he knows.

So I decided to read every speech he's given on business and life.

Here’re 10 Great Ideas from Charlie Munger to Help You Achieve Success.

=THREAD=

To most, Munger is the ‘sidekick’ to a $530 billion empire.

But he’s also one of the best thinkers alive.

This thread will give you a glimpse into his mind.

And show how success is a series of simple choices.

“Mimicking the herd invites regression to the mean.”

If you do the same as everyone else, you’ll get the same results.

But most people are:
• Unhappy
• Unfulfilled
• Unmotivated

Following society’s standards only traps you in them.

Be bold. Go against the grain.

“Knowing what you don’t know is more useful than being brilliant.”

When it comes to success, your ego is your enemy.

There is nothing wrong with not knowing.

But everything wrong with pretending.

If you want to become significantly smarter, be happy to look stupid.

“I’d say we’re demonstrating what might be called the fundamental algorithm of life — repeat what works."

Life's an experiment. You are the scientist.

Gather data:
• What works
• What doesn’t

Do less of the latter & follow the former.

Let results guide you to the top.

“Those who keep learning, will keep rising in life.”

A fundamental mistake:

Believing learning stops with school.

Munger’s children call him a book with legs.

Intelligence isn’t fixed.

Take advantage of that fact.

Be a life-long learner.

“A majority of life’s errors are caused by forgetting what one is really trying to do.”

Most decisions are reactive.

But if you keep your goal front of mind, then your choices guide you toward it.

Like Aristotle once said,

You’ll hit the mark if you set a target.

“You don’t have to be brilliant, only a little bit wiser than the other guys, on average, for a long time.”

The easiest way to guarantee success is to think longer-term than everyone else.

People underestimate the power of consistency.

Aim to be great in 10 years.

“Life is a whole series of opportunity costs.”

Cause and effect.

That’s all life is.

A choice. A consequence.

Instead of asking 'what will come from this decision?'

Ask:

'What will cost from this decision?'

“You must know the big ideas in the big disciplines and use them routinely.”

Our perspective is limited.

We only observe our problems from a small slice of our reality.

Mental models help solve this.

You can approach decisions from many angles and remove blindspots.

“The best thing a human being can do is to help another human being know more.”

There’s no greater gift than helping others improve.

And somewhere, someone will benefit from your story and lessons.

If you want to make an impact, make a habit of sharing what you know.

“There’s only one way to the top: hard work.”

The bad news is there's no secret to reaching the top.

The good news is that the top has no secret.

Set an audacious goal.
Turn up each day.
Work hard.
Be patient.

You'll get what you deserve.

Thanks for reading my friends!

If you enjoyed this:

1. Follow me @itskierandrew for threads to help you write well and think effectively.

2. Check out a bit of my story and what I’m up to now:

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https://twitter.com/ItsKieranDrew/status/1428038290804981761

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TL;DR

Charlie Munger gives great advice.

He's worth your attention - after all, success leaves clues.