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Charlie Munger on what is the best attitude in life? [C:C.M Ep.3]

Blog Link: https://www.yapss.com/post/collection-charlie-munger-3-be-a-survivor-not-a-victim

In this episode, Charlie Munger was asked to explain on one of his testament, the idea of ‘not be a victim, but to be a survivor,’ how it’s helped him, and how that is perhaps one of the greatest ways to live your life out regardless of what happens to you?

In this episode, you’ll learn:
– What is the best attitude to have in life.
– What are the negative impacts of being a victim.
– What is Charlie Munger comment on U.S. politicians.

#CharlieMunger #DailyJournal

[Transcript]
AUDIENCE MEMBER 00:07
I had a question regarding the Stoics. Something I read after you started, you actually mentioned it. There is a great —

Anybody who’s read your life, your testament to the idea to not be a victim, but to be a survivor. And it’s an attitude that has helped me in my short life so far.

Could you perhaps expand on that idea, how it’s helped you, and how that is perhaps one of the greatest ways to live your life out regardless of what happens to you?

CHARLIE MUNGER 00:35
Well of course, feeling like a… It’s fairly interesting, to make change some people are victimized by other people. And if it weren’t for the indignation that causes, we wouldn’t have reforms that we need.

But that truth is mixed with another. It’s very counterproductive for an individual to feel like a victim, even if he is. Best attitude is just to be cheerful about everything and keep plugging along.

And therefore I don’t like politicians that get ahead by trying to make everybody else feel like a victim. And it makes my flesh crawl. And I just don’t believe in it. Of course, who wants to be a victim instead of a survivor?

Of course, we want… But feeling like a victim… You can recognize your position as bad and try and improve it. That’s OK. But to have, a deep feeling of victimhood and it’s all somebody else’s fault is a very counterproductive way to think. People don’t even like being around it. It’s really stupid.

And yet our politicians build on it and try and make their careers work by doing something that’s very bad for all the people they’re talking to. And they think they’re doing the world’s work.

You know, it’s crazy. It’s absolutely crazy.

Are you the author?
Charlie Munger
Charles Thomas Munger (born January 1, 1924) is an American investor, businessman, former real estate attorney, architectural designer, and philanthropist. He is vice chairman of Berkshire Hathaway, the conglomerate controlled by Warren Buffett; Buffett has described Munger as his partner. Munger served as chairman of Wesco Financial Corporation from 1984 through 2011. He is also chairman of the Daily Journal Corporation, based in Los Angeles, California, and a director of Costco Wholesale Corporation.
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