John LeFevre @JohnLeFevre
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Charlie Munger’s formula for success is simple and perfect:

• Spend less than you earn
• Invest prudently
• Avoid toxic people and toxic activities
• Defer gratification
• Never stop learning

4:12 PM · Nov 28, 2023 //

Geiger Capital @Geiger_Capital
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Some of the best of Charlie Munger:

“Every time you hear EBITDA, just substitute it with bullshit earnings”. Absolute legend. 🐐
5:00 / 5:00
4:15 PM · Nov 28, 2023 //

My favorite from that clip? "Warren, if people weren't often so wrong, we wouldn't be so rich." //

In a 2019 interview with CNBC, Munger taught us how to lead a happy life:

You don’t have a lot of envy, you don’t have a lot of resentment, you don’t overspend your income, you stay cheerful in spite of your troubles. You deal with reliable people and you do what you’re supposed to do. And all these simple rules work so well to make your life better. And they’re so trite.

And staying cheerful ... because it’s a wise thing to do. Is that so hard? And can you be cheerful when you’re absolutely mired in deep hatred and resentment? Of course you can’t. So why would you take it on?