Collection: Charlie Munger - #56 'If It's Trite It's Right'


Video Link: https://youtu.be/DYYX4i-y2g4


In this episode, Charlie Munger was asked what advice would he give for someone at the age of 20 looking to live a long successful life like him?


In this episode, you’ll learn:

  • What is the one message Charlie Munger wants you to carry?

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

[Transcript]

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

AUDIENCE MEMBER 00:08

Similar to your Mozart anecdote, I wanted to ask you, what advice would you have for someone my age (20) looking to live a long successful life like yourself.


CHARLIE MUNGER 00:18

Well, I haven’t had that much success changing any of my children. And I don’t think I can give helpful advice to a perfect stranger.


It’s hard to improve the next generation, and the standard result is going to be mediocre. Some people are going to succeed. They’re going to be few. That’s the way human significance is allotted. Human significance will always go to the few. There’s no way of creating enough (few in significance), to meet the demand.


I think personal discipline, personal morality, good colleagues, good ideas, all the simple stuff. I’d say, if you want to carry one message from Charlie Munger it’s this, “If it’s trite it’s right.” All those old virtues, they all work.

  • Facebook Social Icon
  • YouTube

Like & Follow YAPSS social media page to get notify on the latest update.

Disclaimers: YAPSS/YAPSS.com is not managed by a registered investment advisor or a broker/dealer. Information from YAPSS/YAPSS.com and any content posted by YAPSS/YAPSS.com is for entertainment & education purposes only and not a buy or sell of security recommendation. In no event shall YAPSS/YAPSS.com be liable to any damages arising out from the use of YAPSS/YAPSS.com content or material published or available on YAPSS/YAPSS.com. Lastly, YAPSS/YAPSS.com is in no way guaranteed for accuracy or completeness of published information and hence, please do your own due diligence.

©2020 by YAPSS. All Right Reserved.