Charlie Munger on Mistakes To Avoid In Life | One of the Greatest Speeches Ever

In this episode, Charlie Munger shared the mistakes we should all avoid in life and he also talks about the mistake that could have double the Mungers present net worth and Mozart mistakes in life. And what can we learn from it?

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► Video Transcript & YAPSS Takeaway:
This is Daily Journal Annual Meeting with Charlie Munger on February 14, 2019.

☆Who is Charlie Munger?☆
Charlie Munger is vice chairman of Berkshire Hathaway and the closest partner of Warren Buffett. He is one of the best investors ever existed with his profound wisdom in investing, business and life. Prior joining Warren Buffett at Berkshire Hathaway, Charlie Munger ran an investment partnership that returned an average of 20% per year from 1962 to 1975. Meanwhile, the S&P 500 averaged an annual return of just 5% in that time.

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Charlie Munger on Mistakes To Avoid In Life | One of the Greatest Speeches Ever

[SuperMrBlaze]

"Another thing, of course, is 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. That is a very good idea."
Charlie Munger
2007 USC Law School Commencement Address

[Native_love]

This man was a GENIUS! RIP Charlie Munger! You are my hero!

[nikmatic]

I love listening to old people. They know since they've been there.

[suzannemostafavifar]

I learned a lot from this man I never meant or even heard of until a few years ago. He is missed & I am glad there are so many recordings of him.

[jainamshah]

It isn't that we were so good at doing things that were difficult. We were good at avoiding things that were difficult and finding things that are easy.
- Charlie Munger

[Userfan]

Oh Charlie. What a wonderful man you were. Thank you, you will always live in our memories and videos.

[ucukaoma]

Charlie Munger was full of functional wisdom...

[adbce]

1) he used to read a lot everyday - so he was smart
2) he was in finance investment business.
Buffet is quoted to have said "if u want to invest like me - read 500 pages per day".

[cadenrolland]

"By avoiding things that are difficult, and getting into things that are easy."
Hustle culture, corporate culture, and 9 to 5 culture preach the opposite! Those are hard lives with little money. That's how they were programed in order to be good little robots to make other people, who know better, richer and happier.

[johnschlesinger]

It's still hard to believe that he's no longer among us. He will be missed so much

[peacefworld]

I always learn something watching his videos. RIP Charlie Munger

[revolver]

One thing i learnt recently, to which Charlie corroborates is to proceed in life, take the path of least resistance. If you're in the right perspective, you will see it

[MrFrescocotone]

Amazing man, investor, human being. Miss him a lot. R.i.P.

[Deanforbes]

Great stories to illustrate his points! Love it.

[yxqqjcg]

His every single sentence is something in itself

[brunovanhove]

I have known!, working in a company for more than 40 years, quite a lot of superiors who had no integrity, no intelligence, no experience and no true dedication to the work we did? Sure they loved doing as little as possible, and their paycheck, and playing boss as long as the good times were on us!, but I guess that's the way big companies are? They don't really care about lower ranking bosses!! I have often thought about Shakespeare, in these situations, " I have seen servants on horseback, and kings on foot !" what these two say, or give away, are truly pearls of wisdom, I followed Al my life, , don't spend more than you earn, and it's not overcoming difficulties's but trying to avoid them! Now there's something to live by 👍

[RamaKrishna-okkn]

God Father Given by God to all investors that have learn and execute thoughtfully appetite ❤❤

[richardsimms]

What a fascinating guy. Credit to him.
RS. Canada

[PegasusFleets]

The important thing is that we loved Love better. ... Better than we used to and better than our mutual enemies !! 😌 😊😅😊


🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉

[Sirusdark]

Love seeing channel tiles on top of the summary... Please leave a blank after the video for your YouTube cards. Thanks.