The Munger Operating System: How to Live a Life That Really Works
- To get what you want, deserve what you want. Trust, success, and admiration are earned.
- Learn to love and admire the right people, live or dead.
- Acquiring wisdom is a moral duty as well as a practical one.
- Learn to fluency the big multidisciplinary ideas of the world and use them regularly
- Learn to think through problems backwards as well as forward.
- Be reliable. Unreliability can cancel out the other virtues.
- Avoid intense ideologies. Always consider the other side as carefully as your own.
- Get rid of self-serving bias, envy, resentment, and self-pity.
- At the same time, allow for the self-serving bias in others who haven’t removed it.
- Avoid being part of a system with perverse incentives.
- Work with and under people you admire, and avoid the inverse when at all possible.
- Learn to maintain your objectivity, especially when it’s hardest.
- Concentrate experience and power into the hands of the right people – the wise learning machines.
- You’ll be most successful where you’re most intensely interested.
- Learn the all-important concept of assiduity: Sit down and do it until it’s done.
- Use setbacks in life as an opportunity to become a bigger and better person. Don’t wallow.
- The highest reach of civilization is a seamless system of trust among all parties concerned.
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“Spend each day trying to be a little wiser than you were when you woke up.
Discharge your duties faithfully and well.
Systematically you get ahead, but not necessarily in fast spurts.
Nevertheless, you build discipline by preparing for fast spurts.
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.”
— Charlie Munger
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