Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger

1. Play it safe. Your goal should be “not to lose”, instead of “to win.”

   Try to be consistently not stupid.

   Remove the worst alternatives and stick with what’s left.

   Good enough is good enough.

   Don't aim to be perfect. Aim to be antifragile.

2. Learn from other people’s mistakes

   Climb the shoulders of giants.

   Mentors

3. Become a Swiss Army Knife

   To a man with a hammer everything looks like a nail.

• Think independently, think for yourself.

• Be rational. Avoid cognitive biases. follow disciplined decision-making

• be ethical, hones, play fair, and a think long-term

  In a long-term game, it seems that everybody is making each other rich. And in a short-term game, it seems like everybody is making themselves rich.

• keep learning and growing and improving

• be patient

The Munger Operating System: How to Live a Life That Really Works

The Munger Operating System: A Life That Works

https://youtu.be/M0tC9Mrpbd4?si=4DNDjOiOtEDrsY-P

https://youtu.be/RFxXl9eAWV4?si=9qqDguJG7TPuwWZB

https://youtu.be/Nj9sRI5lofM?si=pCE_nYZvv__qL657

https://youtu.be/Ud5SuYH8YfA?si=ECjYijpvWlU8UbTX