In 2007, Charlie Munger gave a speech at the USC Law School.
It contained his most crucial ideas for living deliberately.
If you can master these 9 principles, they'll change your life (and help you live a better one):
It contained his most crucial ideas for living deliberately.
If you can master these 9 principles, they'll change your life (and help you live a better one):
1. To get what you want, deserve what you want.
No one will just give you trust, success, and admiration. You must earn it.
No one will just give you trust, success, and admiration. You must earn it.
2. Acquire wisdom, for it's both a moral duty and a practical one.
3. Learn the big multidisciplinary ideas of the world and use them regularly.
4. Think through problems forward and backward.
5. Be reliable. Unreliability can cancel out the other virtues.
6. Avoid intense ideologies.
7. Do the work to have an opinion of your own.
8. Avoid being part of a system with perverse incentives.
9. You’ll achieve the greatest success where you’re most intensely interested.
That's it for today. This beautiful breakdown was made by @farnamstreet.
If you want to learn more, I compiled a document with all public writings of Charlie Munger.
You can grab it for free here: eepurl.com/h9kw29
If you want to learn more, I compiled a document with all public writings of Charlie Munger.
You can grab it for free here: eepurl.com/h9kw29
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