🧠 Munger moves on..
+ Prescription for misery | #Wisdom Letter 221
One of the wisest people or times - Charlie Munger passed away this week at the ripe old age of 99.
He was a brilliant thinker, investor and person.
Today’s issue is a curation of some of Munger’s best ideas.
Prescription for misery
Charlie Munger gave a speech back in 1986 titles - “How to Guarantee a Life of Misery”.
Nobody knows how to be happy, but there are surefire ways to be miserable. And if you avoid all these ways, you’ll find your path to happiness.
Munger laid out 7 prescriptions for sure misery in this speech -
Ingesting chemicals to alter your mood
Envy
Resentment
Be unreliable
Learn only from your own experience, minimise what you learn from others.
Go down, and stay down when life is hard. Don’t attempt to come back up.
Avoid inversion - avoid this quirky quote - “Just tell me where I’m going to die, and I’ll never go there”
It’s a mind expanding speech, read the full thing on James Clear’s website -
Munger was a big proponent of Inversion
Invert, always invert!
We had written a post all about the mental model of inversion -
Here’s a sneak peek -
Do read this, this and this for more quality content around inversion.
99 Years of wisdom
The guys at MFM pod did the best piece of content reflecting on Charlie Munger’s wisdom imo.
Do watch this video -
99 Years of Charlie Munger Wisdom in 44 Minutes -
1% Wiser Every Day
The Farnam street newsletter had a good collection of Munger quotes.
This one stood out for me -
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Thank you for reading.
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That’s it for today.
See you next week 👋
We’ll be back with more interesting notes, highlights and curations.
Cheers,
Ayush & Aditi