“I have nothing to add”. I was tempted to end the post with the quote and a photo. But Munger has inspired me and shaped my thinking over the years, I have something to add...

At 31 years old, Charlie Munger was divorced, broke, and burying his 9-year-old son, who had died from cancer. Munger would go into the hospital, hold his young son, and then walk the streets of Pasadena crying.

Not long after, he faced a surgical operation that left him blind in one eye (with pain so terrible that he eventually asked to have his eye removed).

Charlie used his sharp intellect to pull himself up and lived a remarkable life for 99 years.

Charlie had an uncanny knack for telling the harsh truth laced with sharp wit and a tinge of humour.

Life Lessons from Charlie

1.   Envy, resentment, revenge, and self-pity are disastrous modes of thought. Self-pity is not going to improve the situation. Every mischance in life was an opportunity to learn something and your duty was not to be immersed in self-pity but to utilize the terrible blow constructively.

2.   I paid no attention to the territorial boundaries of academic disciplines and I just grabbed all the big ideas that I could.

3.   It is remarkable how much long-term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be very intelligent.

4.   Knowing what you don't know is more useful than being brilliant.

5.   You can learn a lot from dead people. Read of the deceased you admire and detest.

6.   Spend each day trying to be a little wiser than you were when you woke up. Discharge your duties faithfully and well. Systematically you get ahead, but not necessarily in fast spurts. Nevertheless, you build discipline by preparing for fast spurts. Slug it out one inch at a time, day by day. At the end of the day – if you live long enough – most people get what they deserve.

7.   If you aren't making money while you sleep, you will work until you die.

8.   The best thing a human can do is to help another human being know more.

9.    Mimicking the herd invites regression to the mean

10.   “I have nothing to add”. Munger’s frequent response at  Berkshire Hathaway’s annual meeting. It always gets a chuckle, knowing when to stay silent is a superpower.

Finally my blog tagline “Laugh, and Learn every day” was inspired by Munger's wit and wisdom.

“Develop into a lifelong self-learner through voracious reading; cultivate curiosity and strive to become a little wiser every day”

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