Avoid these 5 things that ‘guarantee’ a life of misery, according to Warren Buffett's partner Charlie Munger.
Billionaire Charlie Munger, the vice chairman of investment firm Berkshire Hathaway, has long been regarded as a source of wisdom. In 1986, a then 62-year-old Munger was selected to speak at Harvard-Westlake, a private Los-Angeles based secondary school where he has been a longtime trustee.
Although your level of susceptibility varies, said Munger, anyone can become prone to addiction."And I have yet to meet anyone, in over six decades of life, whose life was worsened by over fear and over avoidance of such a deceptive pathway to destruction." If you find it impossible to quit feeling resentful"cold turkey," the billionaire suggested abiding by the practice of the"Disraeli compromise."
Munger used the fable of the tortoise and the hare to demonstrate how unreliable people fare."Instead of being outrun by one fine turtle, you will be outrun by hordes and hordes of mediocre turtles and even by some mediocre turtles on crutches," he said.
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