Charlie Munger advocates for adhering to long-termism and enhancing cognition and wisdom through various thinking models.
His investment capabilities have impressed the world and have also proved to us all that true value lies in making oneself valuable.
He once said: "You have to work hard every day, day after day. In the end, if you live long enough like most people do, then you will get what you deserve from life."
The greatest asset in life is not a house, a car or savings, but the ability to continuously increase in value. This ability will never depreciate.
Best-selling author, blockchain expert and angel investor Li Xiaolai has said that the current situation is the result of past accumulation. Don't complain. Everything depends on accumulation. Growth is more important than success.
So, seemingly accidental success is not a sudden stroke of luck;
rather, it is the result of the accumulated efforts that go unnoticed behind the scenes.
Making oneself valuable through hard work is the foundation of life.
Some inspirations from Charlie Munger's three maxims.
1、Where your time is spent, so is your value.
If you spend your time scrolling through Douyin, playing games, reading novels or binge-watching TV series, you are merely experiencing a brief moment of mental relaxation and pleasure, which holds no value at all.
However, if you invest your time in reading, learning skills and exercising, you will definitely reap tenfold or even a hundredfold rewards in the long run.
Munger's wealth snowball begins with daily in-depth reading and reflection.
Charlie Munger attaches great importance to the efficiency of time utilization. Whenever he has free time, he tries his best to use it for learning and self-improvement.
He sets aside a fixed time each day for deep reading and study.
Everyone has 24 hours in a day. Some use them for efficient work and study, while others use them to enjoy trivial pleasures. Even if you only spend 20 minutes reading books every day, you can accumulate 121 hours of improvement in a year.
The time devoted to unacknowledged persistence will eventually bear unexpected fruits.
2、Of all the intelligent people I have met in my life, not one of them reads every day. None at all.
Reading is almost a common hobby and habit of all successful people. Reading is like building a house; the more you accumulate, the higher it gets.
Related studies have shown that people who read for 30 minutes every day have a cognitive ability 2.8 years ahead of their peers after 5 years. Charlie Munger's multi-disciplinary thinking model is built through interdisciplinary reading.
At the age of 97, he continued to read The Wall Street Journal and The New York Times every day.
Just as Helen Keller said: "A book is like a ship, leading us from a narrow place to the boundless ocean of life."
I firmly believe that those who focus on reading in the midst of a noisy world will eventually reap the compound benefits of time.
3、If you are not accepted because of your unconventional behavior, then just let them be.
In the world, apart from money, there is nothing that can fully satisfy people.
Charlie Munger adheres to "reverse thinking" in the investment field, even though he is ridiculed by his peers as a "strange old man".
Romain Rolland once said: "There is only one kind of heroism in the world, which is to love life even after recognizing the truth of life."
True strong people are often alone. It's not that they are unsociable; it's that they always keep their goals in mind.
The world is like a huge traveling troupe. You don't have to act along with others. Your own life script can't be played by anyone else; only you yourself can perform it.
Learn to block out all external distractions and calm your mind, then you can create works that can stand the test of time.
Those who can calm down and step into their own world will eventually succeed and end up laughing in the end.
