Life lessons from Charlie Munger

Mega thread

1. Know the big ideas in the big disciplines and use them routinely - all of them, not just a few.
2. The best way to get a good spouse is to deserve a good spouse.

3. Spend each day trying to be a little wiser than you were when you woke up. Discharge your duties faithfully and well. Slug it out one inch at a time, day by day. At the end of the day - if you live long enough - most people get what they deserve.

4. Three rules for a career: (1) Don’t sell anything you wouldn’t buy yourself; (2) Don’t work for anyone you don’t respect and admire; and (3) Work only with people you enjoy.

5. I try to get rid of people who always confidently answer questions about which they don’t have any real knowledge.

6. A big percentage of Caltech grads are going into finance. They’ll make a lot of money by clobbering customers who aren’t as smart as them. It’s a mistake. I look at this in terms of losses from the diversion of our best talent going into some money-grubbing exercise.