The real value is to make yourself valuable.
The greatest asset in life is the ability to continuously increase in value, which will never be depreciated.
Charlie Munger once said, "Try every day, day after day." In the end, if you live long enough, as most people do, you get what you deserve out of life."
Share 5 of Charlie Munger's best quotes.
01 Where your time is, your value is there.
If time is spent in reading and learning, knowledge compound interest will show its value.
If the time is spent on entertainment, the corresponding value appears to be negligible.
Munger's fortune snowball started with daily deep reading and thinking.
Time is the fairest judge and the most generous giver.
When time is poured where others cannot see, it can bear fruit that others cannot reach.
02 If you're unpopular because you're maverick, let them be.
Charlie Munger insisted on "contrarian thinking" in the investment community, even when he was derided as a "weird old man" by his peers.
He ended up using Berkshire's brilliance to prove that sticking to the maverick is better at navigating the cycle.
Being one of the sober few means being one step closer to the truth.
The greatest risk in life is not to be maverick, but to pretend to fit in.
03 I've never met a smart person in my life who doesn't read every day.
The habit of reading is the common habit of almost all "successful people".
Reading is like a snowball, the more accumulated the heavier.
Psychological experiments have shown that people who read for 30 minutes a day have cognitive abilities that are 2.8 years older than their peers after 5 years.
Read the book, in a casual moment, will become a turning point in life.
04 There are many problems in life, as long as you think in reverse, there are answers.
Charlie Munger has always practiced "reverse thinking" : fear when others are greedy, and greed when others are fearful.
Looks like a narrow alley corner, go in a different direction, may be the exit.
When he joined Berkshire, he rejected conventional investing logic and reinvested Coca-Cola in reverse thinking.
The core of reverse thinking is to never complain about problems, but to be the person who can solve them.
There are no real problems in life, only magnified dilemmas.
05 Change is always happening, you do not meet the progressive change, you will wait for the regressive change.
On the eve of the Internet bubble in the United States, Charlie Munger realized that traditional industries were about to be disrupted.
He believes that the essence of making yourself valuable is to build "multiple thinking models" and "continuous evolution systems."
If you do not take the initiative to adapt to changes, sooner or later will be eliminated by the market.
To truly grow, people rely on long-termism and action compound interest.
Always be in awe of change and have the ability to create value.
