In 1986, Charlie Munger — vice chairman of Berkshire Hathaway and Warren Buffett's long-time partner — delivered one of the most unconventional commencement speeches ever given.
Instead of telling the graduating class how to be happy, he told them exactly how to guarantee misery. The logic? Simple. If you know what destroys a life, just avoid those things — and your odds of a good one go way up.
The idea was borrowed from Johnny Carson — legendary host of The Tonight Show — who had done the same years earlier. Munger liked it so much, he expanded it with four prescriptions of his own.
The original audio does not exist, so it is delivered here in another voice. This is an abridged version of that speech. Every prescription. Every key quote. Nothing essential left out.
Read the full original speech: 👉https://sweatyourassets.biz/guarantee-a-life-of-misery/
Invert. Endure. Compound.
Sweat Your Assets —You are not separated from your goals by a number of years, but by a number of decisions.
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