Blog 18: Charlie Munger 100 Years Old : Life Story and his Advices on Living a Happy Life.
Charlie Munger Life From Roller Coaster Ride to Happy Ending:
1.Charlie Munger is the Right hand man and Long Time Business Partner of Warren Buffet.
He is Considered as the Successful Person in both Professional Life and Personal Life.
2.His life journey has been full of turmoil and tragedy before he turned his life around, but his Persistence, Grit and Ability to fight back and move ahead has turned him into One of the most Iconic Investor Legends in today’s World.
Early Setbacks in his Life:
3.After 8 years of marriage, he got divorced and lost all his Savings. He was running through his tough days, Which became even worse after the demise of his 8 years son Teddy.
He Was Completely devastated and Exhausted, but he never thought of Giving up and Continued to fight to Regain in his life.
4.His Turning Point in Life Was meeting Warren Buffet, that Changed the Texture of his Life, he Started Investing Journey With Warren, and from then, till date they are the best Investors of all time and best Friends as well (50 Years of Friendship).
5.Inspiring Living Lessons:
“Don’t drift into Self-pity because it doesn’t Solve any Problems. Generally Speaking, Envy, Resentment, Revenge and Self-Pity are disastrous modes of thoughts.”
“A majority of Life’s errors are Caused by forgetting What One is really trying to do.”
“If you Keep Learning all the time you have a Huge Advantage.”
6.Outstanding Piece of Wisdom to Inspire Successful Investing:
“You don’t have to be brilliant, Only a Little bit Wiser than the other guys, on average, for a long, Long time.”
“The Big money is not in the buying and the Selling, but in the Waiting.”
“People Calculate too much and think too little.”
7.Three Rules for a Career:
1)Don't Sell anything you Wouldn't buy yourself.
2)Don't Work for anyone you don't Respect and Admire.
3)Work Only With People you Love and Enjoy.
8.Always take the high way road, it's far less Crowded.
"Avoiding Stupidity is Easier than Seeking brilliance."
9.Trying to impress others is ALWAYS a Stupid idea.
10.To Experience True Happiness, two things are Worth remembering:
Zero Expectations and a Let go Attitude.
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