Skip to content
Charlie Munger

Vice chairman of Berkshire Hathaway, 1978–2023

Recorded said elsewhere, not written here
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.

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

Others on this question

View all 78 →
Shinya Yamanaka Stem cell biologist; Nobel laureate in Physiology or Medicine, 2012
Well, I will bring this technology to clinics. I really want to help as many patients as possible. As you may know, I started my career as a surgeon 25 years ago. But it turned out that I am not talented as a surgeon
Recorded Adam Smith, Telephone interview recorded shortly after the prize announcement, October 2012, Nobel Prize Outreach, 1 October 2012 source ↗
Tony Fadell Engineer and designer; led the iPod and iPhone teams at Apple, founder of Nest Labs
Learn by doing, not learn first, then do. The way you discover what it is you like to do in life is by doing first, then learning about it.
Recorded Academy of Achievement interview, 5 February 2016 source ↗
Ratan Tata Chairman of Tata Sons, 1991–2012
I would hope that most of you will in fact strive for leadership in a principled manner with values, because that would be the foundation that this country needs to have if it is to take its place in the world. I would hope that each of you would lead by example and that each of you would live by the principles that you espouse.
Recorded Indian School of Business, Hyderabad — graduation address, Rediff Business, 11 June 2010 source ↗
Reid Hoffman Co-founder of LinkedIn; partner at Greylock Partners
The challenge of a big, over-arching vision is that it's hard to know where to start. And your biggest opportunity will change from year to year. Technology changes. Competition changes. You change. My advice: Just start. Find a single unmet need that nudges the world closer to where you believe it's going. And if you hit a dead end, pivot.
Recorded Hoffman's own Medium publication, Reid Hoffman on Medium source ↗

More from Charlie Munger

View profile →
Question What does everyone in your world seem to agree on that you think is wrong? Values & belief
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.
Recorded USC Gould School of Law commencement, 2007, 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 ↗

More on time & hindsight

Also answered this

Indra Nooyi, Derek Sivers, Kiran Mazumdar-Shaw, Akio Toyoda, Jeff Bezos, Sundar Pichai

Search the directory for somebody in particular.

Explore further

Report this answer