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Charlie Munger’s Tip for Better Sleep. | Daily Journal 2019

 

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https://www.youtube.com/channel/UCpzAAXa2cvyEnfc7rurcCcQ/joinIn this episode, Charlie Munger was asked what mental tools does he use to de-focus and keep his equanimity for ninety-five years? How does he detach and even during the Salomon Brothers scandal is he always able to get eight hours of sleep at night?

In this episode, you’ll learn:
– Charlie Munger’s tip for better sleep.
(https://www.yapss.com/post/collection-charlie-munger-66-tip-for-better-sleep)

#CharlieMunger #DailyJournalCorporation

[Transcript]
(Source: https://youtu.be/X1Oi3esiry8)

AUDIENCE MEMBER 00:08
I was happy to see you at this meeting turned 90, now you’re 95. And I hope you –

CHARLIE MUNGER 00:12
You think you’re happy, think of the way I feel. (Laughter & Applause)

AUDIENCE MEMBER 00:22
Well I hope you live to be 120 and I always thank you for your positive influence on our lives. My question is related to stress and sleep and longevity. In business, there are what I call ‘criminal competitors’.

You’re honest and ethical but the competitor across the street is beating you by cheating and running a massive insurance fraud. Business and life can cause a lot of stress like you did point details in – but you’ve always seemed to stay cool. Stay cool like Mohnish Pabrai.

What mental tools do you use to de-focus and keep your equanimity for ninety-five years? How do you detach? And even during the Salomon Brothers scandal were you always able to get eight hours of sleep at night?

CHARLIE MUNGER 01:04
Well that is not true. As a matter of fact, I had more difficulty sleeping when I was young, but I do have a tip that I’ve learned late in life.

I never consciously blanked out my mind when I tried to go to sleep, so I allowed my mind to wrestle through my problems and keep me awake very very late while I lay in bed wrestling with problems. And then if I didn’t sleep well one night I figured, “What the hell I’ll sleep the next night.” But that was pretty stupid.

But now I actually deliberately blank out my mind I can go to sleep rather easily and I recommend it to all of you. It really works. I don’t know why the hell I didn’t get to it before 93. (Laughter)

Full story here
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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