Collection: Charlie Munger - #198 'Iron Rule of Life'


Video Link: https://youtu.be/9biQf4AK9os


In this episode, Charlie Munger talks about how to enjoy life and the iron rule of life.


In this episode, you’ll learn:

  • Charlie Munger on how to enjoy life?

  • The iron rule of life in an historical sense.

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

 

[Transcript]

(Source: https://youtu.be/Pph3Bg8Pihg)

CHARLIE MUNGER 00:00

I think part of enjoying life is to just see it like it is, face it like it is and adapt to the reality as it is whether you like it or not.


And the reality as it is, is that Michigan is not going to dominate the world in Autos the way it once did. Baton has been passed. Athens is never again going to be the leader of all civilization. Nor is Rome, nor is London, the baton passes.


The iron rule of life in an historical sense is that if you are lucky enough to be a leadership position, eventually you have to pass the baton. That's the rule of human systems.


Biologically, we all have to die and a successful systems we eventually have to pass the baton. Those are the rules. If you don't like them, you're on the wrong Earth.

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