Charlie Munger

Vice chairman of Berkshire Hathaway, 1978–2023

Recorded said elsewhere, not written here
I realized very early that non-egality would work better in the parts of the world I wanted to inhabit. What do I mean by non-egality? I mean 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.

USC Gould School of Law commencement, 2007, Speakola, 2007 source ↗

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George Lucas Filmmaker; creator of Star Wars and founder of Lucasfilm
Yeah, and it’s made it considerably more difficult. It’s funny when you look back now, because everybody’s sort of copied those films. They’re so ingrained in the culture now, it’s almost impossible to think there was a point where those things were completely odd and unique.
Recorded Academy of Achievement, Academy of Achievement interview, Skywalker Ranch, California, 1 June 1999 source ↗
Daniel Kahneman Psychologist; laureate of the Sveriges Riksbank Prize in Economic Sciences, 2002
Under the stress of the event, we felt, the soldiers' true nature would reveal itself, and we would be able to tell who would be a good leader and who would not. But the trouble was that, in fact, we could not tell. Every month or so we had a "statistics day," during which we would get feedback from the officer-training school, indicating the accuracy of our ratings of candidates' potential. The story was always the same: our ability to predict performance at the school was negligible. But the next day, there would be another batch of candidates to be taken to the obstacle field, where we would face them with the wall and see their true natures revealed. I was so impressed by the complete lack of connection between the statistical information and the compelling experience of insight that I coined a term for it: "the illusion of validity."
Recorded Laureate-written autobiography for Les Prix Nobel, Nobel Prize Outreach, 1 December 2002 source ↗
Wangari Maathai Founder of the Green Belt Movement; Member of Parliament for Tetu, Kenya, 2002–2007; Assistant Minister for Environment and Natural Resources 2003–2005
Initially, the work was difficult because historically our people have been persuaded to believe that because they are poor, they lack not only capital, but also knowledge and skills to address their challenges. Instead they are conditioned to believe that solutions to their problems must come from 'outside'.
Recorded Oslo City Hall, The Nobel Foundation, 10 December 2004 source ↗
Will Self Novelist, essayist and journalist
You know that sickening feeling of inadequacy and over-exposure you feel when you look upon your own empurpled prose? Relax into the awareness that this ghastly sensation will never, ever leave you, no matter how successful and publicly lauded you become. It is intrinsic to the real business of writing and should be cherished.
Recorded The Guardian Review, 20 February 2010 source ↗

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Question What is an unusual habit or small pleasure you are oddly fond of? Daily life
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.
Recorded USC Gould School of Law commencement, Speakola, 2007 source ↗
Question What are you unwilling to optimise? Values & belief
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.
Recorded USC Gould School of Law commencement, Speakola, 2007 source ↗
Question What counsel would you give your twenty-year-old self — and what should they ignore? Time & hindsight
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.
Recorded USC Gould School of Law commencement, Speakola, 2007 source ↗

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