Charlie Munger's Life Advice To Young People

[...] Spend each day trying to be a little wiser than you were when you woke up. Discharge your duties faithfully and well. Step-by-step you get ahead, but not necessarily in fast spurts. But you build discipline by preparing for fast spurts. Slug it out one inch at a time, day-by-day, and at the end of the day-if you live long enough-like most people, you will get out of life what you deserve.

Life and its various passages can be hard, brutally hard. The three things I have found helpful in coping with its challenges are:

  • Have low expectations.
  • Have a sense of humor.
  • Surround yourself with the love of friends and family.

Above all, live with change and adapt to it. If the world didn't change, I'd still have a twelve handicap.

Excerpt from Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger by Peter D. Kaufman

Show Comments