Advice

I watched Charlie Munger’s 2007 Commencement Speech and took notes. Below is a personal summary. Avoid: Ideology: Don’t argue for a position unless you can argue for the other side better than they can. The four horsemen: Self-pity, envy, resentment and revenge. Use misfortunewhen it comes. This is learnable behavior. Perverse incentives / associations: Don’t work for people / ideas you don’t admire. Develop: Competence: The way to get what you want is to deserve it. The way to do that is to maintain intense interest and assiduity. Be the most competent trustworthy person and the world will open up. People appreciate a seamless web of deserved trust. ...