charlie munger

  1. To get what you want, deserve what you want. Trust, success and admiration are earned.
  2. Learn to love and admire the right people, alive or dead.
  3. Acquiring wisdom is a moral duty as well as a practical one.
  4. Learn to fluency the big multidisciplinary ideas of the world and use them regularly
  5. Learn to think through problems backwards as well as forward
  6. Be reliable. Unreliability can cancel out the other virtues
  7. Avoid intense ideologies. Always consider the other side as carefully as your own.
  8. Get rid of self-servicing bias, envy, resentment and self-pity
  9. At the same time , allow for the self-serving bias in others who haven’t removed it.
  10. Avoid being part of a system with Perverse Incentives
  11. Learn to maintain your objectivity, especially when its hardest.
  12. Concentrate experience and power into the hands of the right people - wise learning machines
  13. You’ll be most successful where you’re most intensely interested.
  14. Learn the all-important concept of assiduity: sit down and do it until it’s done.
  15. Use setbacks in life as an opportunity to become a bigger and better person. Don’t wallow.
  16. The highest reach of civilization is a seamless system of trust among all parties concerned.

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