What is one of the best or most worthwhile investments you have ever made — of money, time, or energy?
Recorded Charlie Munger said elsewhere, not written here
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.

USC Gould School of Law commencement, 2007, Speakola, 2007 source ↗

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Bill Clinton 42nd President of the United States, 1993–2001
My job was basically to be a delivery boy for all kinds of things, but they also — because I was at Georgetown and studying international affairs, I was assigned to read six newspapers a day and clip the most relevant articles. This is the technology we used. You couldn’t scan articles. There was no “online.” There was nothing, right? So I would read the newspapers, clip the articles I thought they ought to read, put them on a routing slip, which had on it the names of the senior staff of the committee and all the senators who were committee members. And I would send it to the senior staff, and they would decide whether to send any of them on, but I don’t think I’d have won a Rhodes Scholarship if I hadn’t been a clerk on the Foreign Relations Committee. Nobody else I was competing with read six newspapers a day, and they actually paid me good money to read The Washington Post, The New York Times, The Washington Star, which existed then, The Baltimore Sun , The St. Louis Post Dispatch , and then we alternated — and — oh, and The Wall Street Journal . We read them every day. Those were the six papers we read. I did, and then that’s what the senators got.
Recorded Academy of Achievement interview source ↗
Elizabeth Iro Nurse and midwife; first Chief Nursing Officer of the World Health Organization, 2017–2022
And like most nurses, I found myself running into certain frustrations. I started to look for ways to make a better argument, to advocate more convincingly for the people under my care. That led me to read up on civil law and produce a few research papers, and then I did a master’s degree in health science and also an MBA. All of that allowed me to see other sides of the problem. It also showed me how issues affecting nurses could be elevated by approaching ministers and other people in power with sound, evidence-based arguments.
Recorded Published Q&A, Proto Magazine (Massachusetts General Hospital), 20 May 2021 source ↗
Jocelyn Bell Burnell Radio astronomer; discoverer of pulsars
Yes, in 2018, I was awarded the Breakthrough Prize for the discovery. I was a bit dumbstruck, never expecting that kind of thing to happen. I was keen that the money should be used well and the best way to do that seemed to be to encourage a more diverse research student population from under-represented groups.
Recorded Louise Walsh, University of Cambridge 'Journeys of Discovery' interview series, 1 January 2020 source ↗
Ahmed Zewail Chemist; Nobel laureate in Chemistry, 1999
My science family came from all over the world, and members were of varied backgrounds, cultures, and abilities. The diversity in this "small world" I worked in daily provided the most stimulating environment, with many challenges and much optimism. Over the years, my research group has had close to 150 graduate students, postdoctoral fellows, and visiting associates. Many of them are now in leading academic, industrial and governmental positions. Working with such minds in a village of science has been the most rewarding experience – Caltech was the right place for me.
Recorded Laureate-written autobiography for Les Prix Nobel, Nobel Prize Outreach, 1 December 1999 source ↗

More from Charlie Munger

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Question How has a failure, or apparent failure, set you up for later success? Do you have a favourite failure? Failure & regret
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.
Recorded USC Gould School of Law commencement, Speakola, 2007 source ↗
Question What advice would you give your twenty-year-old self, and what should they ignore? Time & hindsight
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.
Recorded USC Gould School of Law commencement, Speakola, 2007 source ↗

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