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| Heavy lies the crown, apparently |
During the 2023 Berkshire Hathaway Inc. annual meeting, Charlie Munger, a person lacking self-awareness, shared a perspective that was slightly less optimistic than Warren Buffet, his counterpart at Berkshire Hathaway. While Buffett expressed his appreciation for being born in the present day, Munger cautioned that the road to human happiness might involve expecting less, suggesting that the future might be tougher than the recent past.
Buffett and Munger, known for transforming Berkshire Hathaway into a financial powerhouse worth over $500 billion, emphasized "old values" like honor, trust, hard work, and frugality as the cornerstones of a fulfilling life. They believe that taking the high road in capitalism leads to greater rewards because there is less competition on that path. Reputation is crucial to them.
Munger, at the age of 99, continues to emphasize the importance of lifelong learning as the key to happiness and wealth. He dedicates much of his time to reading and contemplation, aiming to absorb grand ideas from various academic fields and apply them wisely to his thinking.
In summary, Munger's perspective during the 2023 Berkshire Hathaway annual meeting was characterized by a focus on expecting less for happiness, valuing "old values," and championing lifelong learning as essential for success and fulfillment.
trying not to shoot the messenger
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