In this monologue, Charlie Munger shares a collection of ideas and attitudes that have served him well throughout his life, emphasizing that while not perfect for everyone, many are near-universal values. He stresses the importance of deserving what one wants, lifelong learning, and the acquisition of wisdom as a moral duty. Munger also discusses the value of multidisciplinary thinking, the dangers of extreme ideology and self-serving biases, and the need to avoid sloth, unreliability, and perverse incentives. He advocates for working under people one admires, maintaining objectivity, and understanding the difference between "plank knowledge" and "chauffeur knowledge." Munger concludes by highlighting the importance of intense interest in a subject, assiduity, and adopting a resilient attitude towards life's inevitable hardships, advocating for a life built on a seamless web of deserved trust.
