Collection: Charlie Munger - #39 'Abraham Lincoln'


Video Link: https://youtu.be/OLuSJtMT_3w


In this episode, Charlie Munger was asked to share a reading recommendation, potentially a new one, that maybe fundamentally change his viewpoint on something?


In this episode, you’ll learn:

  • A brief story about Abraham Lincoln by Charlie Munger.

  • Modern politicians vs. Abraham Lincoln.

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

[Transcript]

(Source: https://youtu.be/X1Oi3esiry8)

AUDIENCE MEMBER 00:09

We all know you're an avid reader. Could you share a reading recommendation for us, potentially a new one, that maybe fundamentally change your viewpoint on something?


CHARLIE MUNGER 00:20

Well there are very few ninety-five year olds that are changing their viewpoint on things. (Laughter) But I do find that there are amusing anecdotes and so forth that I occasionally read and like. But I like the old anecdotes pretty well too. Like that one about the vet and the horse.


It’s so obvious though, some of these pithy stories. The storytelling really works to get messages around. One of the interesting things is look at our modern politicians and then think about Abraham Lincoln. (Which) modern politician reminds you of Abraham Lincoln? In either party?


Lincoln at one time was hired by some guy whose partner had died, leaving practically no money to a wife and three children. And he owed some money to his surviving partner and the surviving partner came to Lincoln and said, “I want you to collect this money.” And Lincoln said to this guy, he says, “Well” he says, “You look like an enterprising fellow who could get that much money back pretty easily through a little effort. And if you want to ring a little money out of this poor widow and her three children then you’ll have to get a different kind of lawyer.”


Does that remind you of any of our modern politicians? That was Abraham Lincoln. What a story. No wonder he’s remembered.


And you know who deserves the credit for Abraham Lincoln and never gets it? It’s his stepmother! Abraham Lincoln was the child of two illiterates. But the step mother, who his father just married in desperation to help raise the children, she took a shine to Lincoln and saw he was bookish and she helped him all the way along.


I am going to donate a picture of that stepmother eventually to a particular place because I admire what that stepmother accomplished in life. Imagine being responsible more than any other person for the life of Abraham Lincoln.

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