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1. Wisdom is prevention.
2. The fundamental algorithm of life: repeat what works.
3. The wise of every generation discover the same truths.
4. Avoid distraction.
5. Spend time thinking.
6. Position yourself for opportunity.
7. Invert: Much of success comes from simply avoiding common paths to failure.
8. Avoiding stupidity is easier than seeking... See more
2. The fundamental algorithm of life: repeat what works.
3. The wise of every generation discover the same truths.
4. Avoid distraction.
5. Spend time thinking.
6. Position yourself for opportunity.
7. Invert: Much of success comes from simply avoiding common paths to failure.
8. Avoiding stupidity is easier than seeking... See more
Charlie Munger did life right.
Here are the 10 best Mungerisms from the architect of Berkshire of Hathaway. https://t.co/tiypxA0BNr
Notes on Charlie Munger’s commencement address:
1. What do you want to avoid in life: Sloth and unreliability.
2. Envy, resentment, revenge, and self-pity are disastrous modes of thoughts. It is a ridiculous way to behave. When you avoid it you get a great advantage over everyone... See more