Charlie Munger, the billionaire investor and seasoned partner at Berkshire Hathaway, shared six rules for a happy life, based on gratitude, discipline, and resilience.
Munger emphasized the need to avoid envy, especially in cases of wealth: "Someone will become richer than you faster. This is not a great tragedy." He warned that envy leads to misery and poor decision-making.
He also stressed financial responsibility, advising people to live within their means and learn from setbacks: "Life is full of shocks... some people recover and others do not."
Munger complemented his philosophy with daily gratitude, understanding others, reliability, and lifelong learning. Munger's rules are not just a guide to happiness but reflect a mindset that contributes to emotional well-being and long-term success.
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