Munger's five enlightening statements First statement: The essence of poverty is not laziness, but rather the inevitable result of ineffective effort and poor decision-making.
Second statement: If you are not willing to place heavy bets, it means you have not yet understood; shallow cognition is our greatest cost.
Third statement: Think in reverse, always think in reverse, use reverse thinking to approach problems, first clarify where you will die, and then never go there. (Study others' failures more to avoid repeating their mistakes)
Fourth statement: Drowning people are often the best swimmers; knowing that ignorance is more life-saving than showing off intelligence.
Fifth statement: Associate with the strong, break free from low-level struggles; your growth speed depends on who you walk with. $BNB
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