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Remembering my teacher Charlie Munger - By Li Lu
Thursday, November 30, 2023
I was on a business trip in Asia on Tuesday when I got the call from the Munger family informing me that Charlie was in his final hours. I hopped onto the next flight I could find to California, and before departure, was able to talk to Charlie through the help of his daughter. Charlie had largely lost consciousness, but still I could clearly hear him trying to make a sound to acknowledge he had heard me. Upon landing, I learned that Charlie had left us a few hours earlier.
I arrived at his Santa Barbara home and had the opportunity to spend cherished time with family members, reminiscing about all things Charlie. Charlie was engaging, humorous and full of wit even at Thanksgiving dinner just a few days ago, family members told me. I visited his home library again. In that very room, exactly 20 years ago, also on a post-Thanksgiving weekend afternoon, following the introduction by our mutual friend Ron Olson, Charlie and I first struck up a deep conversation which ran for several hours. It began an investment partnership that has now endured two decades. Charlie became my mentor, partner, dear friend and above all, life-long role model.
I was so deeply grateful that the Munger family made a special arrangement the next day for me to say a proper and private goodbye to Charlie.
There, lying quietly with eyes closed, Charlie looked the same as ever, peaceful and sincere with a subtle smile on his face. There was a serenity about him. For a moment, I was reminded of the Living Buddhas I once saw in the Buddhist temples of Thailand. In the Buddhist tradition, the bodies of truly enlightened monks, through life-long self-cultivation, can remain incorrupt, without any traces of mummification after death. In that moment, it is what I saw in Charlie, an enlightened sage with an incorruptible body, surrounded by a glimmer of eternal light.
Charlie was not a Buddhist. That vision can never be tested. But it is incontrovertible that his legacy and impact will live on for generations to come.
In our capitalist society, where do virtue, moral responsibility, truth-seeking and public service fit in? Charlie Munger answered these questions through his long exemplary life. He insisted on making money in the most morally sound way, entering transactions only when, if positions were reversed, he would comfortably take the other side. He sought worldly wisdom through life-long learning. He guided life with rationality devoid of mental deficiencies such as envy, resentment and self-pity. He faced and persevered through countless adversities with stoicism and equanimity. As he gained in wealth and stature, he showed little appetite for the trappings of that success, and instead spent his wealth on worthy causes and tirelessly spread his worldly wisdom to those who would listen, often with humor. He remained deeply engaged with family, friends, partners and the broader world with loving assiduousness through his last days.
In his later decades, Charlie Munger’s ideas began to spread across the world, particularly in the most populous countries of China and India. In China, the Mandarin language version of “Poor Charlie’s Almanack,” an anthology by and about Charlie Munger, sold over 1.2 million copies over the last 10 years. There, the educated class increasingly came to view Charlie as the embodiment of the modern-day Confucianism, maintaining a virtuous and enlightened life while embracing the market forces of capitalism. In time, that vision of modern Confucianism will be crucial for Chinese modernization and how China interacts with the rest of the world.
Charlie’s teachings will continue to spread, inspire and impact the world even more profoundly. That will be his eternal legacy.
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Hey Himalaya Wellness Co, your use of lawfare to stifle free expression instead of following scientific rebuttal is disgusting. YOU SUCK.
Those outside of India (or those who can bypass censorship) please screenshot and post @theliverdoc content to fight against this attempt at censoring scientists. Even if you have had disagreements with Dr. Abby, remember, this is bigger than one person. Fight for the freedom of expression. This impacts us all.
The difference between @humansofny & @HumansOfBombay is comically dystopian.
Brandon could have easily been a billionaire by now. He only "monetizes" his HoNY fame to raise funds for others.
Karishma is aggressively & arrogantly entitled about wanting to make a lot of money.
We saw the Video of what the School Teacher did to a Kid. Can’t exactly blame the other students because they are also Kids. But everyone needs to watch this Video and remember this. It is a lesson for life
In a 2014 commencement address, Jim Carrey shared three lines that will change the way you think about life:
1. "Fear is going to be a player in your life, but you get to decide how much."
2. "So many of us choose our paths out of fear disguised as practicality. What we really want seems impossibly out of reach and ridiculous to expect."
That 2nd line hit me hard––specifically the point about "fear disguised as practicality."
Far too many times we choose the "safe" path because we convince ourselves that it's the smart or practical thing to do.
I know, I've spent the better part of my adult life doing exactly that.
I understand, not everyone's life situation is the same.
Sometimes, the conservative path, the practical path, is the right one to take.
But more often than not, we make that decision based on fear of the unknown.
We spend hours upon hours coming up will all of the reasons we can't live our dreams––we convince ourselves that the life we hoped for just isn't in the cards.
It's, as Carrey says, "impossibly out of reach and ridiculous to expect."
Carrey goes on to relay a story from his childhood:
"My father could have been a great comedian, but he didn't believe that was possible for him so he made a conservative choice.
He got a safe job as an accountant and when I was 12 years old, he was let go from that safe job."
What Carrey says he learned brings us to the 3rd and final line I'd like to share:
" I learned many great lessons from my father, not the least of which was that:
You can fail at what you don't want, so you might as well take a chance on doing what you love."
Thanks for reading.
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@ghazalawahab "Kind, good, happy, gentlemanly, secure people never go Nazi," Thompson wrote. But those driven by fear, resentment, insecurity, or self-loathing? They wd alwys fall for fascism. "It's an amusing game," "Try it at the next big party you go to." https://t.co/pVwvkqrHDy
‘Modi has counted on sympathetic journalists and financial speculators in the West to cast a seductive veil over his version of political economy, environmental activism and history.’
New, from Pankaj Mishra: The Big Con
https://t.co/KLzHrieuUR
@typingvanara I’m told that relocity does individual as well( apart from corporate). I will check and see if there is more appropriate contact from them.
@Schandillia@mcshivanisen DNA Hindu group within Goog’e invited him for his “ tech talk”. sanity prevailed by G’s leadership and he was taken off just before the event . though the group was still complaining vociferously -hinduphobic blah blah ….
Just a reminder that the #SeattleVote just did what the Indian Constitution (Articles 15 & 17) already do.
So anyone opposing the bill as anti Hindu or anti India is calling the constitution of India as anti Hindu or anti India.
#JaiBhim
@MohnishPabrai Zareen’s on shoreline blvd (almost on G campus ) is also a no miss takeout for north India / pakistani food. It’s burgers options are not typically available in Indian restaurants.
I come from Nagpur where civil society was infested by RSS even in Nehruvian times.I know exactly what it is&how insidious.Patel had banned RSS,Nehru's commitment to basic freedoms did not allow him 2 destroy it. I wish he had done so. Indian society wud not have bn so toxic 2day