Collection: Charlie Munger - #129 'How Did The Army Influenced Him?'


Video Link: https://youtu.be/BWUDLUq6O34


In this episode, Charlie Munger was asked how did the army influenced him?


In this episode, you’ll learn:

  • Brief story of Charlie Munger and his time in the army.

To check out all Collection: Charlie Munger <click here>

[Transcript]

(Source: https://finance.yahoo.com/news/influencers-transcript-charlie-munger-105001910.html)

ANDY SERWER 00:00

So I want to ask you just a question or two about growing up. And you were at the University of Michigan. And you dropped out and joined the army, right?


CHARLIE MUNGER 00:08

I certainly did. And we all did in those days.


ANDY SERWER 00:12

Yes, so how did that – did the army influence you?


CHARLIE MUNGER 00:16

Well, everything influences you in your past life. Yes, of course that influenced me. I never wanted to be in a big bureaucracy. I was well toward the bottom. I finally got to be a Second Lieutenant in the Army. I was way down in the ranks. And nobody gave a damn what I thought about any subject. It just gave me a little job to do and I was supposed to do it. And of course, I didn't like that as well as having a freer rein to control my own destiny, and so on. So I am much better adapted to being a capitalist operator than I am to being a cog in a bureaucracy.


ANDY SERWER 00:55

Did you ever get in trouble in the army?


CHARLIE MUNGER 00:57

Of course.


ANDY SERWER 00:57

Tell us about that.


CHARLIE MUNGER 00:59

Well, my senior officers could tell I thought they were wrong. And I tried to hide it. And they could still tell. And so, of course it – I never got in any serious trouble, but they – who in the hell likes a junior officer, you look over there and he's plainly indicating that he thinks you're an idiot?


ANDY SERWER 01:22

So that didn't work out too well.


CHARLIE MUNGER 01:24

Well, it worked out all right. I did my work well enough so they didn't bother me. But it was not a milieu where I was going to succeed.


ANDY SERWER 01:33

Right.

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