The sky has turned brighter. There is a glorious rainbow that beckons those with the spirit of adventure. And there are rich findings at the end of that rainbow. To the young and the not too old, I say, look at the horizon, find that rainbow, go ride it. Not all will be rich; quite a few will find a vein of gold; but all who pursue that rainbow will have a joyous and exhilarating ride and some profit.
What advice would you give your twenty-year-old self, and what should they ignore?
Question
What is the most important lesson life has taught you?
Time & hindsight
Question
How has a failure, or apparent failure, set you up for later success? Do you have a favourite failure?
Failure & regret
Question
What is something everyone in your world agrees about that you think is wrong?
Values & belief
Question
If you could change one thing about yourself, what would it be?
Identity & self
Question
What is the trait you most deplore in others?
Values & belief
Question
What is the best advice you have ever received?
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.
USC Gould School of Law commencement, Speakola, 2007 source ↗
Others on this question
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Lee Kuan Yew
Prime Minister of Singapore, 1959–1990; Senior Minister 1990–2004; Minister Mentor 2004–2011
Recorded
Singapore Press Club (title proposed by the Club), Singapore Press Club, Petir (People's Action Party), reproducing the speech in full, 7 June 1996
source ↗
Sundar Pichai
Chief executive of Alphabet and Google
So take the time to find the thing that excites you more than anything else in the world. Not the thing your parents want you to do. Or the thing that all your friends are doing. Or that society expects of you.
Christiane Nüsslein-Volhard
Developmental biologist; Nobel laureate in Physiology or Medicine, 1995
so I sometimes think, why should I talk young women into being a scientist if they then end up being sort of disliked or not accepted by their contemporaries and so it’s a tricky business actually.
Recorded
Marika Griehsel, Interview at the 53rd Lindau Nobel Laureate Meeting, 30 June–4 July 2003, Nobel Prize Outreach, 1 July 2003
source ↗
Carlos Slim Helú
Businessman and investor; chairman of Grupo Carso and América Móvil
The first thing to recommend is that they don’t work in some place that they don’t like, that they don’t do things that they don’t like. That they look for what they really want to do and what kind of thing they want to be involved in, or if they want to go it alone by themselves, to find that.
More from Charlie Munger
View profile →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.
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.
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.
if your proposed marriage contract has forty-seven pages, my suggestion is you not enter.
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.
wisdom acquisition is a moral duty. It’s not something you do just to advance in life. Wisdom acquisition is a moral duty.
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Akio Toyoda, Henry R. Kravis, Ratan Tata, Carlos Slim Helú, Derek Sivers, Indra Nooyi
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