Charlie Munger s 41 wisdom quotes abridged , after reading the Daigo empowerment!

Mondo Culture Updated on 2024-01-19

Thinking Cognition:

1. If you want to persuade others, appeal to profit, not reason.

2. Don't wrestle with the same pig, because then you will get your whole body dirty, and the other person will never get tired of it.

3. The surest way to get something is to make yourself worthy of it.

4. Think the other way around, always think the other way around.

5. For complex adaptive systems and the human brain, problems tend to be easier to solve if you think backwards.

6. In general, jealousy, resentment, hatred, and self-pity are all disastrous states of mind. Excessive self-pity can make people almost paranoid, and paranoia is one of the hardest things to reverse, so don't fall into self-pity.

7. You must master a lot of knowledge so that it forms a framework in your mind that you can use automatically in the days that follow.

8. What you need is not a lot of action, but a lot of patience. You have to stick to your principles, and when the opportunity comes, you try to seize them.

9. At a certain stage in my life, I was determined to become a wealthy person. It's not because of the love of money, but because of that sense of independence. I like to be able to speak my mind freely and not be dictated by the will of others.

10. People underestimate the importance of simple truths. I think, in a sense, Berkshire Hathaway is a didactic enterprise that teaches a right system of thinking. The key lesson is that some of the big truths are really working. I think this penetration of ours has worked really well – because they're so simple.

11. Most people are too impetuous and worry too much. Success requires a lot of calm and patience, but you also need to be aggressive when the opportunity arises.

12. Whenever you feel that something is destroying your life, that thing is yourself. The idea of always feeling that you are a victim is the most powerful weapon to weaken yourself.

13. The common reason why people go bankrupt is that they can't control their psychological entanglements. The more you spend so much effort and so much money, the more you spend, the easier it is to think, "I guess it's almost done, and if you spend a little more, you can become a ......."That's how people go bankrupt – because they won't stop and think, "Even if I don't have what I put in, I can afford it, and I can bounce back." I don't need to dwell on this, it could ruin me. ”

14. Smart people are not immune to the disaster caused by overconfidence. They think they have more abilities and better methods, so often they are exhausted on the harder path.

15. There must be a teacher in a threesome, and you must be a follower before becoming a leader.

16. You should have an understanding of all kinds of thinking in various disciplines, and use them regularly – all of them, not a few. Most people are proficient in using a single model, such as an economic model, to solve all problems. In response to the old saying: "A carpenter with a hammer looks like a nail when he reads the words in a book." It's a very idiotic way of doing things.

17. Imitating a whole bunch of people means being close to their average.

18. Many opportunities in life only last for a short period of time, and they last because it is temporarily inconvenient for them to ......For each of us, there is no time to lose, so it's best to be ready to act and mentally prepared.

19. Where there are huge commissions, there are often **.

20. Admitting that you don't understand something means that the dawn of wisdom is coming.

21. Even if you don't like reality, admit it - In fact, the more you don't like it, the more you should admit it.

22. We strive to make money by remembering common sense rather than by knowing cutting-edge knowledge.

23. Just as a worker must understand the limitations of his tools, so a person who eats with his brain must also know the limitations of his brain.

24. If you always tell them your reasons (when giving instructions and appeals), they will understand your intentions better and feel that your ideas are more important, and they will be more willing to listen to you.

25. I try to stay away from those who don't know how to pretend to understand.

26. Experience tells us that when the opportunity comes, if you are prepared enough and do something simple and reasonable in a timely, decisive and courageous manner, you can miraculously make you rich. Occasionally, this opportunity is given to those who are always ready, always searching, and willing to analyze complex things. When the opportunity arises, all you have to do is use the ammunition you've saved up with your usual caution and patience to make big bets on games that have a good chance of winning.

27. You have to beware of overly strong ideological concepts. If you only have one thought in your head, it's very dangerous.

28. Talk more about your failure and less about your success, which is good for you.

Read & Xi:

29. There is a related truth that is very important, that is, you must insist on lifelong learning Xi. You will not achieve much if you do not learn Xi for life. I keep seeing people who get better and better in life, who are not the smartest, not even the hardest, but who are learning machines, who are Xi machines who go to bed every night a little bit smarter than they were that morning.

30. In my long life, nothing has helped me more than continuous learning Xi.

31. Human society can only develop after inventing the method of invention, and in the same way, you can only progress after learning Xi the method of learning Xi.

32. Of all the wise people I have known in my life, there is no one who does not like to read. Warren Buffett and I read so much that it can scare you. My kids teased me that I was a book with two legs outstretched.

33. We all love to read a lot, and smart people are like this, but this is not enough, you should also have an attitude of critical acceptance and reasonable application. Most people don't get the point right when they read the book, and they don't know how to apply what they've learned after reading it.

34. I think that mastering the knowledge that others have sorted out is a reliable way to learn Xi. I don't approve of the way to work out the results behind closed doors. No one can be that smart.

Learn Lessons & Avoid Mistakes:

35. Just by looking at what is happening around you, you can understand the consequences of refusing to learn from the lessons of others. The common disasters of mankind are all uncreative - deaths caused by drunk driving, disabilities caused by reckless driving, incurable venereal diseases, the walking dead who have been turned into by the brilliant college students who have joined the disastrous cult, business failures due to the repetition of the obvious mistakes of their predecessors, and various forms of collective madness. If you are looking for the path to real life troubles caused by careless, uncreative mistakes, I suggest you keep in mind this modern proverb: "Life is like a hang glide, and if you don't get off to the start, you're done." —Poor Charlie's Book

36. We are always learning to Xi, revise, and even subvert various ideas. It's important to quickly turn your mind upside down at the right time. You have to force yourself to think about opposing views. If you can't convince your opponent better than your opponent, then you don't understand enough.

37. Most of the success in life and career comes from deliberately avoiding something: early death, wrong marriage, and so on.

38. It is better to learn profound lessons from the tragic experiences of others, rather than your own. Some of our successes have been predicted long ago, and some have been achieved by accident.

39. We work hard for a long time to keep not doing stupid things, so we gain much more than those who strive to do smart things.

40. I won't spend too much time repenting about the past, and once I learn my lesson, I won't be stuck in it anymore.

41. If you want to improve your cognitive ability, it is resolutely impossible to forget the mistakes you have made in the past.

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