Collection: Charlie Munger - #66 'Tip For Better Sleep'


Video Link: https://youtu.be/1EotGr9n2kA


In this episode, Charlie Munger was asked what mental tools does he use to de-focus and keep his equanimity for ninety-five years? How does he detach and even during the Salomon Brothers scandal is he always able to get eight hours of sleep at night?


In this episode, you’ll learn:

  • Charlie Munger's tip for better sleep.

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

[Transcript]

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

AUDIENCE MEMBER 00:08

I was happy to see you at this meeting turned 90, now you’re 95. And I hope you –


CHARLIE MUNGER 00:12

You think you’re happy, think of the way I feel. (Laughter & Applause)


AUDIENCE MEMBER 00:22

Well I hope you live to be 120 and I always thank you for your positive influence on our lives. My question is related to stress and sleep and longevity. In business, there are what I call ‘criminal competitors’.


You’re honest and ethical but the competitor across the street is beating you by cheating and running a massive insurance fraud. Business and life can cause a lot of stress like you did point details in – but you’ve always seemed to stay cool. Stay cool like Mohnish Pabrai.


What mental tools do you use to de-focus and keep your equanimity for ninety-five years? How do you detach? And even during the Salomon Brothers scandal were you always able to get eight hours of sleep at night?


CHARLIE MUNGER 01:04

Well that is not true. As a matter of fact, I had more difficulty sleeping when I was young, but I do have a tip that I’ve learned late in life.


I never consciously blanked out my mind when I tried to go to sleep, so I allowed my mind to wrestle through my problems and keep me awake very very late while I lay in bed wrestling with problems. And then if I didn’t sleep well one night I figured, “What the hell I’ll sleep the next night.” But that was pretty stupid.


But now I actually deliberately blank out my mind I can go to sleep rather easily and I recommend it to all of you. It really works. I don’t know why the hell I didn’t get to it before 93. (Laughter)

  • 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.