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?
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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.