My favorite Charlie Munger story:
In 1953, Munger was 29 years old.
Recently divorced. Lost the house. Huge social stigma of divorce back then.
His 8-year-old son, Teddy, was diagnosed with cancer.
The leukemia was incurable.
No medical insurance - Munger paid for all…
The best cure for loneliness is not more frequent interaction. It's more meaningful interaction.
Many people enjoy solitude. They can spend up to ~75% of their time alone without feeling isolated.
What matters most for well-being is the quality of connections, not the quantity.
Loyalty should never be taken for granted. It should be earned on an ongoing basis.
Relationships come with recurring responsibilities. Prior support doesn't justify current disrespect.
It's up to family, friends, and leaders to keep proving that they deserve your devotion.
When considering a new role, the most important question isn't "can I do it?" It's "do I want it?"
It's up to the employer to decide whether you're qualified. Only you can gauge whether you're motivated.
Values should align with the job. Skills can be learned on the job.…
Blaming and shaming doesn't stop people from making mistakes. It stops them from admitting mistakes.
If people can't share their blunders, they can't learn from them—and neither can the rest of us.
The best way to prevent errors is to make it safe for people to discuss them.
When we hire from the outside, we pay more to get less.
Despite costing more, external hires perform worse and quit more. Promoting from within fuels individual growth and collective success.
If there are never strong internal candidates, we've failed at leadership development.
A boss looks for reasons to say no. A leader looks for reasons to say yes.
A boss issues orders and demands loyalty. A leader gives direction and takes responsibility.
A boss expects to be the most important person in the room. A leader makes everyone feel important.
The primary job of parents isn't to make kids happy or successful. It's to build their character.
Nurturing character isn't limited to instilling our values. We should also encourage kids to define their own values.
True success is preparing our kids to decide who they become.
130yrs ago today. Dec 29, 1890: The Wounded Knee Massacre. 300 unarmed Lakota women, children & old men executed by the US Army. They had asked the spirits for 3 simple things: restore the Earth, return the buffalo & make the White people disappear. Oops. This is White America.
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