JULIA LA ROCHE 00:00
Charles H, from New York. He actually quotes – a speech that you gave – a commencement address you gave in 2007 at USC Law School. I’ll paraphrase here.
You wrote – You said if a civilization can progress only when it invents the method of invention, you can only progress when you learn the method of learning. I was very lucky. I came to law school having learned the method of learning and nothing has served me better in my long life than continuous learning. Charles H would like to know what Charlie’s method of learning?
CHARLIE MUNGER 00:41
Well, I think I had the right temperament. When people gave me a good idea and I could see it was a good idea, I quickly mastered it and started using it for the rest of my life.
You’d say that everybody does that in their education but I don’t think everybody does. It’s such a simple idea. And of course, without the method of learning, you’re like a one-legged man in an ass-kicking contest. It’s just not gonna work very well.
Take Gerry. Do you think the Daily Journal would have hundreds of millions of marketable securities now if Gerry didn’t know how to learn something new? He didn’t know one damn thing about the Daily Journal when we made him head of it. But he knew how to learn what he didn’t know. Of course, that’s a useful thing.
And by the way, I think it’s hard to teach. I think it’s just to some extent you either have it or you don’t.
JULIA LA ROCHE 01:37
Jerry Chang would like to know – Jerry Chang would like to know why are some people incapable of learning new ideas and behaviors?
CHARLIE MUNGER 01:50
Well, it’s partly culture but a lot of it is just born in and it’s a quirk. Some people have a natural trend toward good judgment, and with other people, their life is just a series of mistakes over and over again.
Listen -> Filter -> Master -> Apply
When people gave me a good idea and I could see it was a good idea, I quickly mastered it and started using it for the rest of my life. ~Charlie Munger