Charlie Munger

https://www.youtube.com/watch?v=S9HgIGzOENA&ab_channel=RossSchoolofBusiness
38:30 Bit coin

Bit coin

• Man can’t create more gold. But he can create more bitcoin.
• Bad people, crazy bubble.
• Luring people into easy wealth without insight or work

Give the following a wide berth:

• Crooks, crazies, egomaniacs, people full of resentment, self pity, people who feel like victims
• Avoid them like the plague

Tax policy

• Lowering corporate tax might be a good thing
• Companies are – mostly pension funds – so if one does well so wil the other

China is trying to do exactly what the Republicans are

• wants main business own pension plans so that will can do well
• disagreement on policy
• anger comes in when reason leaves

China vs US

• if we didn’t trade with China someone else would have – so no choice
• but its a compulsory friendship – why not have good friendship with China
• this has brought a certain amount of misery to the US people who now need to compete with the Chinesse
• but this was going to happen anyways – if not with the Chinese with someone else

Most important decision you can make in life

• who you marry
• go into marriage with both eyes open, half shut there after

Amazing how if you get up in the morning and just keep plugging, how good things can happen

Not good to have ambition to be president of US, or billionare – odds are against you
Better to aim low.
Charlie didn’t intent to get rich – just wanted independence – overshot

#1: Oubaitori- Never compare yourself.
Everyone blossoms in their own time in different ways.
Don’t judge yourself by someone else’s path.

#2: Kaizen – Continuously improve.
Constantly strive to improve across all areas of your life.
Small changes accumulate and make all the difference.

#3: Wabi-sabi – Embrace imperfection.
Nothing lasts, nothing is complete.
Accept your own flaws and those of others.
Find beauty in imperfection.

#4: Gaman – Have dignity during duress.
Hard times need to be met with emotional maturity and self-control. We need patience, perseverance, + tolerance.

#5: Ikigai – Know your reason for being.
Define the reason you get up in the morning.
Make it something you are good at, passionate about, and that the world needs. THIS is meaning.

#6: Shikita ga nai – Accept and let go.
Some things simply aren’t within our control.
Accept what you cannot change, and move on.

#7: Shu-Ha-Ri – Don’t be wasteful.
Everything deserves respect and gratitude.
Recognize the value in what’s around you and don’t waste it.

#8: Kintsugi – Repair cracks with gold.
Imperfections are a thing of beauty.
The journeys we all take are golden.
Our flaws are embellishments that make us more beautiful.

#9: Omoiyari – Show consideration for others.
Life is better when we care for others.
Be thoughtful. Build compassion.

Charlie Chaplin lived to be 88 years old.

He left us four of his messages:

(1) Nothing is permanent in this world, not even our problems.

(2) I love walking in the rain because no one can see my tears.

(3) The most wasted day in life is the day we do not laugh.

(4) The six best doctors in the world are… :

1. Sun,

2. Rest ,

3. Exercise,

4. Modesty ,

5. Self respect

6. Good friends.

Stick with these things in all stages of your life and enjoy healthy living…

When you see the moon, you see the beauty of God..

If you see the sun you see the power of God..

If you look at yourself in the mirror, you see God’s best creation. So believe that.

We are all just tourists here, God is our travel agent who has already determined our routes, bookings and destinations.. trust him and enjoy life.

Life is just a journey! Therefore live today to the fullest!

Tomorrow may never be no more..

“The visual and intellectual enjoyment of well-formatted code is a pleasure that few nonprogrammers can appreciate. But programmers who take pride in their work derive great artistic satisfaction from polishing the visual structure of their code.”

“…there is a psychological basis for writing programs in a conventional manner: programmers have strong expectations that other programmers will follow these discourse rules. If the rules are violated, then the utility afforded by the expectations that programmers have built up over time is effectively nullified.”

“The smaller part of the job of programming is writing a program so that the computer can read it; the larger part is writing it so that other humans can read it.”

“The information contained in a program is denser than the information contained in most books. Whereas you might read and understand a page of a book in a minute or two, most programmers can’t read and understand a naked program listing at anything close to that rate. A program should give more organizational clues than a book, not fewer.”

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