Charlie Munger
Buffett's partner, and the sharper tongue
Personal Growth
Munger was a lawyer before he was an investor, ran Berkshire alongside Buffett for forty-five years, and became famous for a way of thinking rather than a portfolio: assemble the big ideas from every discipline, then invert — work out how to fail and avoid that. He was blunt to the point of rudeness and almost never wrong about incentives.
Every mischance in life was an opportunity to behave well.
2007 USC Law School Commencement Address
They go to bed every night a little wiser than when they got up.
2007 USC Law School Commencement Address
Envy, resentment, revenge, and self-pity are disastrous modes of thought.
2007 USC Law School Commencement Address
There is huge pleasure in life to be obtained from getting deserved trust.
2007 USC Law School Commencement Address
Life will have terrible blows, horrible blows, unfair blows. Doesn’t matter.
2007 USC Law School Commencement Address
Incentives are too powerful a controller of human cognition and human behavior.
2007 USC Law School Commencement Address
The safest way to try and get what you want is to try and deserve what you want.
2007 USC Law School Commencement Address
The highest form that civilization can reach is a seamless web of deserved trust.
2007 USC Law School Commencement Address
An intense interest of the subject is indispensable if you are really going to excel.
2007 USC Law School Commencement Address
If your proposed marriage contract has forty-seven pages, my suggestion is you not enter.
2007 USC Law School Commencement Address
If you’re unreliable, it doesn’t matter what your virtues are, you’re going to crater immediately.
2007 USC Law School Commencement Address
Self-pity gets pretty close to paranoia and paranoia is one of the very hardest things to reverse.
2007 USC Law School Commencement Address
Another thing I think should be avoided is extremely intense ideology because it cabbages up one’s mind.
2007 USC Law School Commencement Address
Whenever we’re behind in our commitments to other people, we will both work 14 hours a day until we’re caught up.
2007 USC Law School Commencement Address
If you take Warren Buffett and watched him with a time clock, I would say half of all the time he spends is sitting on his ass and reading.
2007 USC Law School Commencement Address
Read when a decision looks obviously good and you have not yet asked how it goes wrong
