Collection: Charlie Munger - #65 'Early Working Experience Gives You Strong Advantage'



[Transcript]

AUDIENCE MEMBER 00:08

I have two questions for you. Both you and Mr. Buffett worked in Buffett’s grandpa’s grocery store during your teenage years. And do you think that your early working experience helped you? Give you a strong advantage over other people in this investing profession? Could you elaborate –


CHARLIE MUNGER 00:28

Absolutely.


AUDIENCE MEMBER 00:29

And the second question –


CHARLIE MUNGER 00:31

I was able to learn from my dead great grandfather when I was a little boy. What I learned at a very young age when I was just a kid, I could see some of the adults around me were nuts and yet they were very talented. I could see how much irrationality there was in very talented people.


So I got interested in seeking out the patterns and understanding why it happened and learning tricks to cope and so on. And I did that when I was a little kid. And of course it helped me. Who is not helped by an early start in a promising activity? And what activity could be more promising than in diagnosing stupidity?


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

 

[YAPSS Takeaway]

Absolutely helped. Start something a young age helps to discover interests in life.


"Who is not helped by an early start in a promising activity?" ~Charlie Munger.