Charlie Mungers prescription for miserable life: An excerpt - TopicsExpress

Charlie Mungers prescription for miserable life: An excerpt from Charlies commencement address at Harvard School in 1986: Munger told the students that his prescriptions for life were based on a Johnny Carson speech explaining the things a person should do to ensure a miserable life. These included ingesting chemicals in an effort to alter mood or perception, and allowing oneself to indulge in envy and to wallow in resentment. All or any of Carsons three behaviors will guarantee an unhappy existence. Then Munger added four practices that he believes also will help guarantee failure. Be unreliable; learn everything from your own experience rather than learning from others; give up trying after your first, second, or third reverse of fortune; and finally, give in fuzzy thinking. Source: Damn Right! Behind the Scenes with Berkshire Hathaway Billionaire Charlie Munger by Janet Lowe (2000, p. 230)

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