Your time is limited, so don't waste it living someone else's life. Don't be trapped by dogma — which is living with the results of other people's thinking. Don't let the noise of others' opinions drown out your own inner voice. And most important, have the courage to follow your heart and intuition. They somehow already know what you truly want to become. Everything else is secondary.
What advice would you give your twenty-year-old self, and what should they ignore?
Question
What are you unwilling to optimise?
Values & belief
Question
How has a failure, or apparent failure, set you up for later success? Do you have a favourite failure?
Failure & regret
Question
Which living person do you most admire, and why?
Values & belief
Question
What is the most important lesson life has taught you?
Time & hindsight
Question
What is your worst intellectual habit?
Craft & work
Question
What is an unusual habit or an absurd thing that you love?
Daily life
Luckily, I got at a very early age the idea that the safest way to try and get what you want is to try and deserve what you want. It's such a simple idea. It's the golden rule so to speak. You want to deliver to the world what you would buy if you were on the other end. There is no ethos, in my opinion, that is better for any lawyer or any other person to have.
USC Gould School of Law commencement, Speakola, 2007 source ↗
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Steve Jobs
Co-founder and chief executive of Apple; co-founder of NeXT; chief executive of Pixar
Recorded
Stanford University 114th Commencement, Stanford News (Stanford University), 12 June 2005
source ↗
Lee Kuan Yew
Prime Minister of Singapore, 1959–1990; Senior Minister 1990–2004; Minister Mentor 2004–2011
The sky has turned brighter. There is a glorious rainbow that beckons those with the spirit of adventure. And there are rich findings at the end of that rainbow. To the young and the not too old, I say, look at the horizon, find that rainbow, go ride it. Not all will be rich; quite a few will find a vein of gold; but all who pursue that rainbow will have a joyous and exhilarating ride and some profit.
Recorded
Singapore Press Club (title proposed by the Club), Singapore Press Club, Petir (People's Action Party), reproducing the speech in full, 7 June 1996
source ↗
Susan Butcher
Dog musher; four-time winner of the Iditarod Trail Sled Dog Race
But whenever you do find something — maybe it’s not as passionate for you as dog mushing has been for me — but the fact that you have any interest, that is what you should go with.
Edmund Hillary
Mountaineer and explorer; first ascent of Everest, 1953
I would advise them to aim high. To set their sights at a pretty tough target and don’t be too worried if you’re not successful at first. Just keep persisting and keep improving your standards, getting better and better and ultimately, you’ve got a pretty fair chance at achieving your desired goal. ... But, I do think that virtually everybody that’s born has the ability to be very competent at doing something. I think that, in itself, is worthy of aiming towards, just to be competent at doing anything you particularly wish to do.
Recorded
Academy of Achievement recorded interview, American Academy of Achievement, 16 November 1991
source ↗
More from Charlie Munger
View profile →The highest form that civilization can reach is a seamless web of deserved trust. Not much procedure, just totally reliable people correctly trusting one another. That's the way an operating room works at the Mayo Clinic. If a bunch of lawyers were to introduce a lot of process, the patients would all die. So never forget, when you're a lawyer, that you may be rewarded for selling this stuff, but you don't have to buy it. In your own life, what you want is a seamless web of deserved trust. And if your proposed marriage contract has forty-seven pages, my suggestion is you not enter.
Life will have terrible blows, horrible blows, unfair blows. Doesn't matter. And some people recover and others don't. And there I think the attitude of Epictetus is the best. He thought that every mischance in life was an opportunity to behave well. Every mischance in life was an opportunity to learn something and your duty was not to be submerged in self-pity, but to utilize the terrible blow in a constructive fashion.
John Wooden, when he was the number one basketball coach in the world. He just said to the bottom five players, “You don't get to play. You're sparring partners.” The top seven did all the playing.
Every mischance in life was an opportunity to learn something and your duty was not to be submerged in self-pity, but to utilize the terrible blow in a constructive fashion.
inversion frequently will solve problems which nothing else will solve. And in life, unless you’re more gifted than Einstein, inversion will help you solve problems that you can't solve in other ways.
All my life, I've gone through life anticipating trouble. And here I am, well along on my eighty-fourth year, and like Epictetus, I've had a favored life. It didn't make me unhappy to anticipate trouble all the time and be ready to perform adequately if trouble came. It didn't hurt me at all. In fact, it helped me.
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