Run toward the hardest problems. At the time, I didn’t fully understand what that meant. But over time, I realized this was the best advice I ever received. Hard problems teach you what you're capable of. Fast forward a bit … 12 years ago, I got a chance to put that lesson to the test. I had the opportunity to become CEO of AMD. AMD had enormous potential, but the company had been through some tough years. Some of my mentors thought taking the job was risky. But for me, this was my dream job. This was what I’d been training for all those years. The opportunity to work at the bleeding edge of technology on problems that really mattered. The first thing we had to figure out was what we wante
Originally asked
Vogue, to one guest at a time, on camera, 73 Questions
A repeated rapid-fire prompt in Vogue's 73 Questions, verified in separate English- and Korean-language episodes.
You answer as yourself. Nobody on FLAPSS answers as anybody else.
USC Gould School of Law commencement, 2007, Speakola, 2007 source ↗
Others on this question
View all 30 →“What sound does that color make?” Yeah, that was a question of hers in fifth grade. And I was like, “Well, colors don’t have sound.” And eventually, she said, “You know red sounds different than blue.” And I, “Yeah, red sounds angry, blue sounds —” And so she was pushing me into, “Here’s your simile, here’s your metaphor. This is all you’re going to need. Run, my child.”
And my sister, whose name is Ruth Stapleton, was a famous evangelist. She wrote four or five books, and she would give lectures to 50,000 people at a time. She and I had a long walk in the woods on my farm, and she said, “Jimmy, quite often, when you have a blow to your pride and a horrible defeat, you can either give up, or you can look on it as a way that God opens to you to do different and even better things.”
My mother-in-law’s advice, which she gave me on the day of our wedding — we were married in Marty’s home, and his mother took me into the bedroom, her bedroom and said, “Dear, I’d like to tell you the secret of a happy marriage.” “Yes. What is the secret?” “It helps sometimes to be a little deaf.” And I found that advice — it stood me in very good stead not only in a wonderful marriage that lasted well over half a century, but in every workplace I’ve served, dealing with my faculty colleagues when I was a law teacher, and even now with my colleagues on the Supreme Court. When an unkind word is said, a thoughtless word, best to tune out.
More from Charlie Munger
View profile →Generally speaking, envy, resentment, revenge, and self-pity are disastrous modes of thought. Self-pity gets pretty close to paranoia and paranoia is one of the very hardest things to reverse. You do not want to drift into self-pity.
They win the respect, the deserved trust, of the people they deal with, and there is huge pleasure in life to be obtained from getting deserved trust. And so the way to get it is to deliver what you’d want to buy if the circumstances were reversed.
I realized very early that non-egality would work better in the parts of the world I wanted to inhabit. What do I mean by non-egality? I mean John Wooden, when he was the number one basketball coach in the world. He just said to the bottom five players, “You don't get to play. You're sparring partners.” The top seven did all the playing.
The highest form that civilization can reach is a seamless web of deserved trust. Not much procedure, just totally reliable people correctly trusting one another. That's the way an operating room works at the Mayo Clinic. If a bunch of lawyers were to introduce a lot of process, the patients would all die. So never forget, when you're a lawyer, that you may be rewarded for selling this stuff, but you don't have to buy it. In your own life, what you want is a seamless web of deserved trust. And if your proposed marriage contract has forty-seven pages, my suggestion is you not enter.
Life will have terrible blows, horrible blows, unfair blows. Doesn't matter. And some people recover and others don't. And there I think the attitude of Epictetus is the best. He thought that every mischance in life was an opportunity to behave well. Every mischance in life was an opportunity to learn something and your duty was not to be submerged in self-pity, but to utilize the terrible blow in a constructive fashion.
Luckily, I got at a very early age the idea that the safest way to try and get what you want is to try and deserve what you want. It's such a simple idea. It's the golden rule so to speak. You want to deliver to the world what you would buy if you were on the other end. There is no ethos, in my opinion, that is better for any lawyer or any other person to have.
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