“Generally speaking, envy, resentment, revenge, and self-pity are disastrous modes of thought.” – Charlie Munger Charlie Munger spent most of his 99 years watching smart people wreck their own lives. Bad luck was rarely the cause. He kept coming back to four mental habits he named again and again: envy, resentment, revenge, and self-pity. Munger […]
Charlie Munger lived to 99 and spent most of those years studying why smart people wreck their own lives. He didn’t think the cause was usually a lack of brains. His view was blunter. Most ruin comes from a handful of bad habits that almost anyone can avoid, and he named them again and again
10 Self-Destructive Habits That Will Ruin Your Life, According to Charlie Munger Read More »
“Like Warren, I had a considerable passion to get rich, not because I wanted Ferraris—I wanted the independence. I desperately wanted it. I thought it was undignified to have to send invoices to other people. I don’t know where I got that notion from, but I had it.” “I didn’t intend to get rich. I
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Charlie Munger spent decades studying why smart people make terrible decisions. He had a front-row seat to Warren Buffett’s decision-making as his partner at Berkshire Hathaway. His famous talk on the subject was called The Psychology of Human Misjudgment. Most people learn its lessons the hard way. 1. Incentive-Caused Bias: Follow the Paycheck “Show me
10 Psychology Lessons Charlie Munger Understood That Most People Learn Too Late in Life Read More »
Charlie Munger spent close to a century watching smart people do dumb things. The longtime vice chairman of Berkshire Hathaway, and Warren Buffett’s business partner for decades, had a blunt theory about why it happens. He pinned most of it on predictable mental blind spots. Munger laid them out in his 1995 Harvard talk “The
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Charlie Munger spent nearly a century sharpening one of the clearest minds in American business. He served as Warren Buffett’s partner and vice chairman at Berkshire Hathaway for decades, and his answers at shareholder meetings were often blunt enough to draw laughter from the crowd. He never claimed he was born brilliant. What he described
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Charlie Munger spent decades as Warren Buffett’s partner at Berkshire Hathaway, and many of his best ideas had little to do with picking stocks. When he talked about why people win or lose in life, he kept coming back to how they think. His idea of mental toughness was rooted in clear thinking and emotional
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The late Charlie Munger spent decades investing next to Warren Buffett at Berkshire Hathaway. Somewhere along the way, he built a reputation for blunt, practical advice that had almost nothing to do with test scores. He never said intelligence was worthless. He just kept pointing at a shorter list of traits that mattered more, and
10 Things Charlie Munger Hinted Were More Important Than IQ Read More »
The late Charlie Munger spent nearly a century testing his ideas against the real world. He was famous for saying a lot with very few words. As Warren Buffett’s business partner at Berkshire Hathaway, Munger built his reputation on plain, repeatable habits of thought rather than flashy predictions. There was no secret formula in any
Charlie Munger’s Secrets To A Successful Life (Advice From A Billionaire) Read More »
Most self-help advice tells you to add something to your life. Wake up earlier. Track more habits. Push harder, and eventually you arrive at a better version of yourself, or so the theory goes. The late and great Charlie Munger argued against that formula for most of his life. He believed the fastest way to
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The late Charlie Munger read constantly, and not just about stocks. Psychology, biology, history, and physics all worked their way into his thinking, and he drew on tools from each to evaluate businesses, spot poor management, and avoid trouble from investing mistakes. He wasn’t chasing a wide reading list for its own sake. Every book
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Charlie Munger, the late vice chairman of Berkshire Hathaway and longtime business partner to Warren Buffett, spent decades studying why intelligent people make disastrous money decisions. He believed the biggest financial disasters rarely arrive as sudden ruin out of nowhere. Instead, they build quietly through small habits that compound in the wrong direction. A single
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The late Charlie Munger spent decades building a reputation as one of the sharpest minds in American business. He wasn’t a physicist or a psychologist by training. He was a lawyer turned investor who taught himself to think across every academic field at once, and that habit became the real source of his edge over
Charlie Munger, the late vice chairman of Berkshire Hathaway, made complex decisions with a speed that other executives and investors envied for decades. He didn’t have a secret formula. He built something he called a latticework of mental models, a set of ideas borrowed from several fields and stacked on top of each other until
The late Charlie Munger spent decades stripping away the internal noise most people carry throughout their lives. He wasn’t trying to comfort anyone with platitudes. He wanted to know what actually works in the real world, and he said so bluntly, year after year, in front of rooms full of shareholders who kept coming back
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The late Charlie Munger built one of the greatest investment records in history, but he did it while carrying real personal losses. In his early thirties, he went through a painful divorce and lost the family home in the settlement. Not long after, his nine-year-old son died of leukemia. He could have spent the rest
The late Charlie Munger spent six decades as Warren Buffett’s partner at Berkshire Hathaway. He built plenty of his own fortune before the two men ever crossed paths. Ask him how he pulled it off, and he won’t hand you a checklist of clever tricks. He’ll tell you to stop thinking forward and start thinking
How Charlie Munger’s “Inversion Thinking” Helped Him Become a Billionaire Read More »
The late Charlie Munger spent decades studying why smart people make dumb choices. He wasn’t only a brilliant investor. He was a student of human psychology who used cold logic to explain the mistakes that wreck careers and relationships. One of his most repeated ideas runs counter to how most people think about ambition. Munger
The late Charlie Munger built one of the greatest investment records in history without ever pretending he had a secret formula. He refused to do stupid things, year after year, for over six decades. His lessons on money and life were rarely complicated. They were blunt. Often uncomfortable. And almost always ignored by many people
10 Lessons on Life and Money From Charlie Munger That Most People Learn Too Late Read More »
The late Charlie Munger is remembered for building one of the great investment records in American history alongside Warren Buffett. Fewer people know the decade he spent broke, divorced, and grieving a dead child before any of that success arrived. In 1953 his marriage ended. His ex-wife kept the house. He was living in cramped