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Living with Values
How to Live The Munger Way
Charlie Munger, a legend in the world of investing and a close confidant of Warren Buffett, recently passed away, leaving behind a legacy marked by immense success and profound wisdom. Munger’s life was a testament to the power of adhering to solid values and principles in investing and life.
Born in 1924, Munger was not just Warren Buffett’s right-hand man but a brilliant investor in his own right. He played a pivotal role in the success of Berkshire Hathaway, applying a philosophy of value investing and rational decision-making. Beyond his financial acumen, Munger was known for his straightforwardness and integrity, living by rules that ensured his success and respectability.
As we remember Munger, looking at the core values that guided his life and career is crucial. The way I see Charlie Munger, even though I’ve never met him, is that he’s a prolific role model for all of us. The values he lived can serve all of us well. I’ve coined a phrase for living a life based on core values: The Munger Way.
Here are nine keys to living the Munger Way, ensuring true wealth beyond just monetary gains.
- Lifelong learning. Munger’s extensive library and daily reading of several newspapers exemplify his commitment to continuous learning and self-improvement.
