My notes from Poor Charlie's Almanack: The Wit and Wisdom of Charlie Munger turned into maxims:
1. Find a simple idea and take it seriously.
2. Good ideas are rare. When you find one bet heavily.
3. Humans have been writing down their best ideas for 5,000 years. Read them.
4. Avoiding stupid mistakes is more important than being smart.
5. Don’t work with anyone you don’t admire.
6. Don’t sell anything you wouldn’t buy.
7. Avoiding a bad habit is easier than breaking a bad habit.
8. Work on your best idea. Don't diversify
9. Incentives rule everything around you. Look for them.
10. Great businesses are built by going ridiculously far in maximizing or minimizing one or a few things. Think Costco.
11. Learning is changing behavior.
12. Do the unpleasant tasks first.
13. Charlie has read hundreds of biographies. Do the same.
14. Stop multitasking. Concentrate.
15. Many hard problems are solved best when approached backwards.
16. Think of ideas as tools. When a better tool comes along use it.
17. Clip your business and personal expenses. Small leaks sink big ships.
18. Make friends with smart dead people. Adam Smith, Darwin, Cicero, Ben Franklin —whoever interests you. Read their writing. Steal their ideas. They don’t need them anymore.
19. Don't confuse intelligence with invincibility.
20. Bad things will happen to you. It’s inevitable. When they do get up and keep going and remember the next maxim.
21. Self pity has no utility.
22. Find out what you are best at. Then pound away at it. Forever.
23. Only plays games where you have an edge.
24. Avoid mob rule. Avoid demagogues. Avoid dogma. Avoid bureaucracy.
25. Optimize for independence.
25. Use money to buy freedom.
26. Develop durability.
27. What do you have an *intense* interest in? Do that for money.
28. Self improvement has no end.
"There are other worlds. Other kinds of dreams. Dreams in which failure is feasible. Honourable. Sometimes even worth striving for. Worlds in which recognition is not the only barometer of brilliance or human worth." Arundhati Roy strikes again. https://t.co/rGU1Y9dwPE
I congratulate my dear brother upon completing his Ph.D. It's a proud moment for my family, Sindh, Pakistan. He secured his title and degree from the University of Jyvaskyla, Finland.
Three publications on 'Investigating syntactic in EFL Learners' writing across Common European Framework of Reference levels A1, A2 and B1, Department for center of Applied Language Studies, at the University of Jyvaskyla, Finland. It was his defense day of completing PhD.
@gobindmeghwar us out of his clinic by saying that you can go anywhere just don't come here again and I respectfully replied "Sure Sir, doctors ki kami nh hui Pakistan me."
@gobindmeghwar I personally had a tough conversation with him face to face. He got angry upon me asking him to properly consult us by giving ample time. "Sir, at least give us proper time since your title already suggests that you are consultant regarding medical issues." And he literally threw