I read an article about the infinite wisdom of the late Charlie Munger, the No 2 of Berkshire Hathaway. The link is below.
Here are 10 points of wisdom
1. The Most Valuable Riches Take Time
It takes time and process to be successful.
2. Avoid the Second Arrow
Whatever crap that happens, it is a wake up call/reminder to self.
3. Develop Real Knowledge
Say and do, to really know your thing.
4. Live What You Want to Receive
What you want other people to be, be it yourself.
5. Invert, Always Invert
To avoid danger/mistakes, imagine the scenarios and list the steps to avoid/minimize it.
6. Avoid the Ostrich Effect
Accepting the truth can challenge/change your current beliefs.
7. Never Mimic the Herd
Be yourself, it is never easy to do so.
8. Create a "Too Hard" Pile
Avoid things that seem too hard and handle the easy, consistently, instead.
9. Success Follows Interest
Be interested in the things you want to be successful. If you are not, nah.
10. Wisdom Compounds
Spend the day wiser than the previous day.
The article source is here.
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