Tuesday, June 12, 2007

Success Videos - The Wisdom of Charlie Munger

I have frequently posted on the need for lifelong learning, and for constant reading as a key method of personal success.

Charlie Munger, investment partner of Warren Buffet, spoke of this necessity recently at the USC Law School Commencement. The video is here.

I recommend people listen to this address once per month. It is so loaded with wisdom and experience that multiple listening are necessary to take it all in.

Here are a few quotes:

“I constantly see people rise in life who are not the smartest, sometimes not
even the most diligent, but they are learning machines. They go to bed every
night a little wiser than they were when they got up and boy does that help,
particularly when you have a long run ahead of you.”

“What will
really fail in life? What do you want to avoid? Such an easy answer: sloth and
unreliability. If you’re unreliable it doesn’t matter what your virtues are.
Doing what you have faithfully engaged to do should be an automatic part of your
conduct. You want to avoid sloth and unreliability”

A rough transcript of the address is available here.


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