Charlie Munger The industry is difficult, everyone is difficult, it depends on who is more affordabl

Mondo Psychological Updated on 2024-01-31

Charlie Munger said in "Munger's Way" when answering shareholders about the insurance industry: In the next 20 years, the whole industry will not have a good time, but we may buck the trend. The industry is difficult, everyone is difficult, it depends on who has the stronger ability to bear it.

This is true for companies, and it is true for everyone.

It is also a challenging thing to do, and many times the comparison is who can persevere a little more, that is, the extra one will make you. Because challenging things are too difficult for everyone, someone will give up at any time, and if you stick to it a little more, it will be someone else who gives up, and your probability of winning is much higher.

For example, Lao Xu has been encouraging everyone to make a 50-word daily change, is 50 words difficult?Say two words and you'll get there. Is 50 words easy?Being able to write 50 words a day shows that your brain is thinking, it's really not easy, don't believe it, you try.

365 days a year, people who can insist on 365 days a day, absolutely amazing, don't believe you go to your friends to rummage through, see how many have done it!

Even if you don't last for 365 days, you can last for 100 days, you are far more than many people in this regard, because you have persevered a little more than people who have 99 days a day.

Challenging things, such as reading, exercising, writing, going to bed early and waking up early, etc., may seem to have no effect in the short term, but they are of great value to people in the long term. People who lose in this area often lose in persistence because they don't see positive feedback in the short term.

Ever since I realized the tremendous value that reading and exercising bring to me, it has become very easy for me to stick to one thing. Writing is the third thing I want to do besides reading books and sports, on the one hand, I can use writing to force myself to think, and on the other hand, writing can record and track my growth.

It's been 88 days a day, and it's only in the first two weeks that I feel anxious and stressed, and I feel more and more that it's a relaxing thing to write, and when I'm not busy, writing is actually a pleasure. Of course, once you encounter a very busy and busy day, writing becomes a task, which is quite sad.

Related Pages

    Charlie Munger dies

    On November ,local time,Warren Buffett s close friend and business partner,Charlie Munger,vice chairman of Berkshire Hathaway s board of directors,die...

    Remembering Charlie Munger

    Autumn and Winter Check in Challenge In April and May,I read the two books Charlie Munger s Principles and Poor Charlie s Treasure with my friends,and...

    Excerpts from Charlie Munger's golden sentences

    Investment and financial management On Tuesday morning,November ,local time in the United States,Charlie Munger,a world famous investor,passed away pe...

    Charlie Munger Wisdom Proverbs

    Recently,I was reading The Poor Charlie s Book and the master Charlie Munger told a story about his childhood.It reminds me of an incident that happen...

    Charlie Munger dies in a retrospective classic

    Charlie Munger has passed away at the age of .There is only more than month before his th birthday,and he is years old.This is an old man rich in phil...