Charlie Munger on Mistakes To Avoid In Life | One of the Greatest Speeches Ever

[@SuperMrBlaze]

"Another thing, of course, is 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. That is a very good idea." Charlie Munger 2007 USC Law School Commencement Address

[@raksierlambang]

yes, this is what gets me through current period. Taking the blows and fix it the best that we can.

[@tubeuser2222]

Thank you for this comment

[@MagarethWoods]

Every family has that one person who will break the family financial struggle, I hope you become the one

[@marleonetti7]

well this man said if a person lives long enough they will end up rich but i say tell that to all the people in their 80s and 90s living solely off social security and they will laugh in his face .

[@kylecanaday1276]

Charlie was a very wise man.

[@LAStreetPreacher]

What is his best book in your opinion?

[@Native_love]

This man was a GENIUS! RIP Charlie Munger! You are my hero!

[@rsriram95]

Will miss you dearly Charlie

[@skydaniels3784]

@novakd1530November 😢

[@lindamaag3541]

So true. I miss you Charlie.

[@arbiter8246]

Oh damn he died..

[@suzannemostafavifar1686]

I learned a lot from this man I never meant or even heard of until a few years ago. He is missed & I am glad there are so many recordings of him.

[@nikmatic6807]

I love listening to old people. They know since they've been there.

[@brunovanhove1832]

I have known!, working in a company for more than 40 years, quite a lot of superiors who had no integrity,no intelligence, no experience and no true dedication to the work we did? Sure they loved doing as little as possible, and their paycheck,and playing boss as long as the good times were on us! ,but I guess that's the way big companies are? They don't really care about lower ranking bosses!! I have often thought about Shakespeare ,in these situations, " I have seen servants on horseback,and kings on foot !" Still,,,,,,!! what these two say, or give away,are truly pearls of wisdom,I followed Al my life, , don't spend more than you earn, and it's not overcoming difficulties's but trying to avoid them! Now there's something to live by 👍

[@Labbernese77]

Great comment! Thanks

[@terrellprice8013]

The best financial decision I ever made was based on an article in the WSJ in 1982 about Warren Buffett and Berkshire Hathaway. I sold all my other holdings and purchased Berkshire. All I had to do was simply leave it along which I did. One of my best friends lived in Omaha therefore I had two reason to attend the stockholders meeting which I did for 25 years. A simple decision to place all my stock wealth in BRKB stock relieved me of acquiring wealth particularly since my wife had multiple sclerosis. Some segments of life are simple when you have confidence in your ability to make logic and rational decisions.

[@terrellprice8013]

The best financial decision I ever made was based on an article in the WSJ in 1982 about Warren Buffett and Berkshire Hathaway. I sold all my other holdings and purchased Berkshire. All I had to do was simply leave it along which I did. One of my best friends lived in Omaha therefore I had two reason to attend the stockholders meeting which I did for 25 years. A simple decision to place all my stock wealth in BRKB stock relieved me of acquiring wealth particularly since my wife had multiple sclerosis. Some segments of life are simple when you have confidence in your ability to make logic and rational decisions.

[@vooteimer1234]

Sorry your envy over your boss at a job turned into an obsession.

[@NEWGREATNESS]

Very practical and rational man. 🙏🏻

[@themusic6808]

Charlie Munger was a rare example of someone who observed and examined everything they experienced in life through a lens of deep introspection and never stopped ruminating over and reevaluating those thoughts as they got older, which is why he was so phenomenally wise and smart.

[@johnschlesinger2009]

It's still hard to believe that he's no longer among us. He will be missed so much

[@mr.xernorus4026]

Well not that hard, he was close to 100. Tragic loss, yes. But honestly, he was far overcooked than fresh for the factory xd.

[@ucukaoma4551]

Charlie Munger was full of functional wisdom...

[@terrellprice8013]

I met both Mr. Buffett and Mr. Munger several times at the annual stock holders meeting. I was lucky enough to research a bit and found BRKB 26 years ago and put all my investment with them, now at 82 the only concern is meeting my maker. Right choices equal good consequences, a simple equation with an astounding result.

[@LuckyRisbu-w3u]

I'm also a fan of Warren Buffett. can we correspond with you and be friends? I will ask you for advice on my investments. or in making a decision. I am 46 years old and I have some positive results in investing

[@LuckyRisbu-w3u]

@terrellprice8 I'm also a fan of Warren Buffett. can we correspond with you and be friends? I will ask you for advice on my investments. or in making a decision. I am 46 years old and I have some positive results in investing

[@LuckyRisbu-w3u]

@terrellprice8013 I'm also a fan of Warren Buffett. can we correspond with you and be friends? I will ask you for advice on my investments. or in making a decision. I am 46 years old and I have some positive results in investing

[@User12345fan]

Oh Charlie. What a wonderful man you were. Thank you, you will always live in our memories and videos.

[@jainamshah1049]

It isn't that we were so good at doing things that were difficult. We were good at avoiding things that were difficult and finding things that are easy. - Charlie Munger

[@MrFrescocotone]

Amazing man, investor, human being. Miss him a lot. R.i.P.

[@Showmetheevidence-]

He really has amazing wisdom and life advice... It isn't just about money

[@290revolver290]

One thing i learnt recently, to which Charlie corroborates is to proceed in life, take the path of least resistance. If you're in the right perspective, you will see it

[@RamaKrishna-ok4kn]

God Father Given by God to all investors that have learn and execute thoughtfully appetite ❤❤

[@surekhapagudala974]

God bless America for CharlesMonger

[@alphabeta8403]

2:30 *Not everyone can learn everything.* 4:30 Handle losing hands well and get into better businesses.

[@abhijeetdas1054]

MAY HIS SOUL REST IN PEACE

[@whyuurmdhaan3947]

Thanks so much ✨✨✨

[@richardsimms251]

What a fascinating guy. Credit to him. RS. Canada

[@RahulY-o2m]

His every single sentence is something in itself

[@Historyteacheraz]

One of the reasons Charlie was great was because he focused on making less mistakes then others. One of the many lessons shared in A Teenager’s Guide on how to Invest Like Warren Buffett and Charlie Munger.

[@danbradbury4067]

ordering!

[@Historyteacheraz]

Great Enjoy!

[@mike_valueinv]

Charlie Munger always shares such valuable wisdom! Avoiding mistakes is just as important as making good decisions. His insights on patience, continuous learning, and staying true to your principles really resonate.

[@MrCJHamill]

I miss Charlie Munger!

[@Deanforbes]

Great stories to illustrate his points! Love it.

[@Jsmith-xi8ft]

I love his voice.

[@ranithakur2606]

He is dearly missed

[@peacefworld]

I always learn something watching his videos. RIP Charlie Munger

[@kurtneven6612]

Respect Mr Munger 👍✌️

[@alexxbaudwhyn7572]

1) not buying Bitcoins in 2010 2) not buying Amazon stock in 2005 3) not buying Nvidia stock in 2017

[@sloppyjoehillups]

I love this guy

[@bdcochran01]

Everything he has said is accurate. Had a good marital choice - and unfortunately, she died young. Lived under my means. Avoided making some bad decisions and made some. I have always focused on learning, changing while knowing other people could do some things better. I live in the house that I purchased 44 years ago and drive a 20 year old car that performs as well as it did on the first day, brand new. The new house two doors down (replacing the tract house that had existed) was listed for $6,230,000 and is under contract. A younger brother did it even better. He took every pay increase and bonus and invested them for years. He is going on another vacation overseas this week. And, yes, I subscribed to the Daily Journal for years.

[@teddyboy252]

God first then family then wealth

[@adbce77]

1) he used to read a lot everyday - so he was smart 2) he was in finance investment business. Buffet is quoted to have said "if u want to invest like me - read 500 pages per day".

[@PegasusFleets]

The important thing is that we loved Love better. ... Better than we used to and better than our mutual enemies !! 😌 😊😅😊 🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉

[@Mydestiny2024success]

Legend!

[@1292liam]

2.29 whats up with Mozarts eyes? popped an Ecstasy pill / lol

[@rthelionheart]

Mr. Munger dropping priceless nuggets of wisdom here and there!

[@oracleoflight13]

Thank you!

[@princessunknown3158]

This is reminder to all came on earth empty and will go empty to our graves. This life temporary we are travelers on earth. What good and evil deeds we done that what we will take in our graves... Our deeds. Most important. Ashamed times we living money important everything, humans lives nothing.

[@NnNn-yr7mu]

Get money get money still , let virtue follow is she will.....

[@phily888]

❤🕊️ Thank you Charlie for all your wise words 🙏🏻

[@ginopadula8171]

He is the opposite of the new generation which overspends and buys nonessential things like expensive watches, clothes and cars.

[@cvenkatnarasimham5090]

Mr Charlie munger is wise persns along with mr Warren Buffet He contributed wise knowedge on stocks let his soul may rest in peace wise friednship in the prsent world cv narasimham

[@shankarbalakrishnan2360]

Still working on how u would come back❤❤🎉🎉

[@cvenkatnarasimham5090]

5:02

[@unavailabill]

So there is 2 problems I have here. I currently read a lot and invest heavily and trade stocks. I see progress in my work, but it’s like Charlie just said, it only works if you live long enough. He essentially is saying you need to sorta get lucky with the genetical lottery and be blessed with a long life. That’s my first issue. Secondly, this man was 100? And he read all the time. Are you telling me if I quit working and read as much as possible right now, I’ll still never consume as much info as this man, so what’s the point? Life isn’t long enough to do all the stuff you want. So why try? Why am I working for money that I can’t take with me? Should I just quit now and travel the world? Try to enjoy some of my life? But that’s not possible without money. So now back to the money and time issue. This will be the death of me.

[@TheChannel1978]

You know the answer already. There is tradeoff between working and enjoying the fruits of your labour. Nobody wants to turn 60 or 65, retire and drop dead so it's important to live the life you want before that. But the key is to not make obviously stupid mistakes. For example I like sports cars, but I'm not going out and buying what I want. Instead I think about what experiences I want and buy a cheaper car that gives me that experience, without compromising my retirement too much. It's a balance I find, best of luck to you

[@davidparker2173]

Shoe leather common sense, and patient discernment. If I but had those both.

[@MrRashidali]

Salute

[@cadenrolland5250]

"By avoiding things that are difficult, and getting into things that are easy." Hustle culture, corporate culture, and 9 to 5 culture preach the opposite! Those are hard lives with little money. That's how they were programed in order to be good little robots to make other people, who know better, richer and happier.

[@TheChannel1978]

you can work 9-5 and live below your means and do very well. Don't overthink it

[@willchongwei]

Rest in peace 🙏

[@chakradharmaddineni9103]

Where is the Alibaba investment mistake??? Wish he added that mistake to his wisdom quotes "Never buy aa business purely based on the business. Look at the control of higher powers and how arbitrarily they can clip the wings of a businessman AKA Jack Ma fiasco.

[@Dividendflywheel]

How many future Jack Ma’s learned from his treatment and will not create future businesses?

[@jyeasyfun]

He trusts Li lu too much

[@grantgoldberg1663]

Such wisdom.

[@fabio.1]

I'll rewatch it

[@auwingkei]

Smart

[@mrinalinichaturvedi2738]

Always for Charlie ♥️

[@rweiss2785]

I've been making my bed every morning since I first watched this amazing video 😊

[@BinanceUSD]

The best

[@theovicii]

We're like “The Last of the Mohicans” ⚔️

[@fatman4346]

Sounds so simple "underspending your income "but wow how many people do the opposite? Same people who probably have credit cards too!

[@gianfrancobergagna4024]

Some guys are fortunate and others are not! 😮

[@NnNn-yr7mu]

These old rich people do go on and on.

[@trickydicky90]

A century of investing, even at 100 dollars a month, would return 80 million with zero effort. We have great people who invent things, who create things, piggybacking on others' hard work is cunning but should not be confused with wisdom.

[@TheChannel1978]

Why so bitter? It could also be said that investors don't piggyback but enable public companies to do their work. So the inventing you mention would not happen unless financed by those investing. It's a cynical reduction to describe that as 'cunning'.

[@backpackly]

RIP Charlie

[@kunalkumar3591]

We miss yoi

[@jimjackson4256]

Actually they made hundreds or thousands of decisions per year .They only acted on a few.

[@jcoop3660]

Cant trust anyone anymore.

[@samratbanik890]

Love you munger... No loved based on admired based love

[@CB-vg1wq]

Yes. RIP, Charlie. I like listening to your life philosophies more then the money stuff. I have been very lucky, i work in a science based field, which I love, and made enough money along the way to be comfortable.

[@Om011]

Miss You😢

[@GrimKage]

The immense level of greed in one person

[@generalinformation4386]

The immense level of jealousy in those who don't understand

[@philmarsh3859]

Contrast this to Trump Inc.

[@michaelswonderfulworld]

The worst mistake is to waste your whole life on making money and not enjoying it.

[@ondrejpavelka2179]

I dont wanna hear it because probably i made every one of them 😂

[@cameddy4081]

God bless you Charlie - the value of your words is immeasurable- RIP Charlie

[@kyterunner5440]

You might think the first mistake he'd try to avoid is having the last name Munger.

[@Singularityv616]

How did this turn into a memorial for him? He had valid points, let’s have healthy debate about them.

[@blackwind743]

Mistake #1: Becoming a billionaire.

[@bambino53]

Rest in peace, legend.

[@rg2613]

Does he actually need to double his fortune though? He can’t even spend 1/100th of his fortune before his death

[@jcoop3660]

How does he spend most of his time, working or with family. Tells you what people actually care about. Did this guy know his family?

[@thomasblack4217]

Sad moment

[@lightshine2786]

A man with no conscience playing a fake game. This is wat a serial magician looks like

[@benetaue]

99 and regrets not having a higher net worth. Srewge?

[@KhurramShahzad-q9v]

Mr charllee ilove lam very pooor plz help me plz help me love u plz helpme my name khurrram

[@harrybaulz666]

Your importance in life is how much money you can accumulate 😮

[@cameddy4081]

“ I wish I were in there “ !!!😱. What a quote Charlie !!!! - you are like a huge tree trunk that still affords wisdom long after the last needle has fallen off . What a giant you are and your humble attitude , gentle ways and overall kindness shine through as a mentor and a genuine human being . We are all better off for having you 🙏❤️🇺🇸

[@vladislavovich100]

What kind of great speech this money collector can give? The answer is none. My comment is it is only in America people like him considered great, because of their questionable skill to collect money.

[@kishoreyadav1093]

kzbin.info/www/bejne/Y3zdaJWbqr6Aibsfeature=shared

[@amirapangandaman8868]

mc Arthur lolo ege

[@jcoop3660]

Worshipping business and money, thats his religion.

[@thelammas8283]

Bit perplexed. What is the point of getting rich, when you live frugally, at least not for your entire life.

[@barryallen6927]

Money can only buy happiness up to a certain point, after that it produces diminishing return on happiness. Making money was their hobby.

[@richardsimms251]

I think he simply enjoyed being busy at his work. It seems that he knew that money is not everything.

[@wisdomarsenal]

Exactly, he is enjoying the discipline.

[@BadddDoggg-id4po]

I'll never understand why people have the urge to deny themselves every pleasure in life to accumulate millions or billions in wealth only to realize at the end that you can't take it with you. Yea, he could have died with 4 billion in the bank instead of 2 billion, one of his greatest regrets. Whoever dies with the most.... loses. The guy who makes billions and dies exactly at zero.... wins! 😂😂

[@videostoragechannel]

Pretty tough to spend a billion on yourself though. If you try, you’ll die really young.

[@MyGoodnessSakes]

If you're single, maybe. I think it would be considerate to leave a bit to your children...Isn't that how generational wealth gets started?

[@rolandomota7771]

😴

[@johnpaterson4680]

You forgot don't get married...😂

[@SunofYork]

I married one dumb one and 2 clever ones...made 3 million out of that

[@johnpaterson4680]

@@SunofYork 😁👍

[@Sirusdark]

Love seeing channel tiles on top of the summary... Please leave a blank after the video for your KZbin cards. Thanks.

[@misterphillipw]

tell me...when you die...will U be bringing your money with you...Jesus wants to know.

[@Gr8Incarnate]

"Mistake to avoid in life: Listen to Charlies Munger's view on Bitcoin"