Charlie Munger's Thoughts on the World

I love a few good thoughts from Charlie Munger, so saving these for later.

On the upside of adversity:

Living with adversity is the best chance for opportunity.

On learning through mistakes:

I like people admitting they were complete stupid horses’ asses. I know I’ll perform better if I rub my nose in my mistakes. This is a wonderful trick to learn.

Most of Berkshire’s success grew from stupidity and failure that we learned from. I hope that makes you feel better about your own life.