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Charlie Munger

Vice chairman of Berkshire Hathaway, 1978–2023

Recorded said elsewhere, not written here
All my life, I've gone through life anticipating trouble. And here I am, well along on my eighty-fourth year, and like Epictetus, I've had a favored life. It didn't make me unhappy to anticipate trouble all the time and be ready to perform adequately if trouble came. It didn't hurt me at all. In fact, it helped me.

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

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Ricardo Semler Chief executive and later chairman of Semco Partners, Brazil
What we've done all of these years is very simple, is use the little tool, which is ask three whys in a row. Because the first why you always have a good answer for. The second why, it starts getting difficult. By the third why, you don't really know why you're doing what you're doing.
Recorded TEDGlobal, 16 October 2014 source ↗
Brian Eno Composer, record producer and visual artist
I call it “stolen time”—there’s nothing more valuable than stolen time. It happens to me sometimes when I’ve set up a meeting at my studio at a certain time and it gets cancelled on short notice. When it happens, I’m like a giddy child. I think, “Wow, I’ve stolen half an hour. It’s so exciting—I can do whatever I want!”
Recorded Max Dax, Eno's London studio, 2011, Telekom Electronic Beats, 1 January 2011 source ↗
Peter Doherty Veterinary surgeon and immunologist; Nobel laureate in Physiology or Medicine, 1996
The two things that I miss most when living out of Australia are the bush and the Pacific coast, especially fishing in the surf at night! My father had a workshop and I learned to be a carpenter, a skill that has resulted in the manufacture of some very substantial coffee tables and a fair amount of time working on houses.
Recorded Laureate-written autobiography for Les Prix Nobel, Nobel Prize Outreach, 1 December 1996 source ↗
Shinya Yamanaka Stem cell biologist; Nobel laureate in Physiology or Medicine, 2012
Well actually I was at home. I was doing some housework. So I was very surprised.
Recorded Adam Smith, Telephone interview recorded shortly after the prize announcement, October 2012, Nobel Prize Outreach, 1 October 2012 source ↗

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Question How has a setback or failure set you up for later success? 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 counsel 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 ↗
Question What are you unwilling to optimise? Values & belief
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.
Recorded USC Gould School of Law commencement, Speakola, 2007 source ↗

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