Charlie Munger is an extremely wise investor, thinker and educator. I suggest you collect and learn his 15 pieces of life wisdom.

1. Reverse thinking: Unlike most people who think and judge things from the positive side, Munger advocates thinking from the opposite side or the opposite direction of the problem, which can often help you grasp the essence of things more deeply and find a breakthrough in dealing with many difficult problems. For example, if you know how to live a miserable life, then you can get happiness by doing the opposite; if you know how to lose money, then you can know how to make money by doing the opposite.

2. Define the circle of competence: Munger believes that unless you are a polymath like Leonardo da Vinci, it is almost impossible to achieve great success by trying to dabble in multiple fields. Only by focusing on the scope of your ability can you become an expert. You should always focus on what you can do. People have limited energy resources. Only by playing to your strengths in your professional field can you hit the bull's eye of success. For example, an old Japanese lady he knows only does what she knows and runs a small furniture store. She refused suggestions such as cross-industry operations.

3. Simple is the best: Munger and Buffett can always simplify things. They spend a lot of time building their own thinking models, looking for the best solutions to different problems, and spend a lot of time reading and learning from others. When they find the right company in their field, they will focus on research and rarely make transactions. They are good at staying away from difficult problems and looking for simple things to do. After finding the best investment target, they don't need to look at other inferior ones, which will make life much simpler.

4. The secret to longevity and happiness: Don’t be jealous, don’t complain, don’t overspend, stay optimistic in the face of difficulties, make friends with reliable people, and do your duty. It is meaningless to be jealous of others. Everyone will miss opportunities sometimes. Don’t be too entangled. Complaining and blaming the world are taboos in life.

5. Multiple thinking models: Munger has a wide range of interests. He is not only an investment guru, but also has research in psychology, economics, and philosophy. He believes that one should learn across disciplines, regardless of the legal boundaries of the discipline, and learn what is needed. The tools he refers to include history, psychology, physiology, mathematics, engineering, biology, physics, chemistry, statistics, economics, management, etc.

6. Lifelong learning: Charlie Munger said, "The future belongs to lifelong learners." In the era of knowledge explosion, only those who continuously recharge themselves can seize fleeting opportunities and achieve leaps. The accumulation of knowledge has a huge compound interest effect. Only by always maintaining a learning mentality can we seize opportunities in the best state.

7. Don't wrestle with a pig: This sentence tells us not to argue with stupid people, because doing so will only waste your time and energy, while they enjoy it. At the same time, we must also learn to learn from our mistakes and failures, and not fall in the same place again and again.

8. Many people with high IQs are bad investors because of their character flaws: being smart does not mean being wise. True wisdom requires correct moral values ​​and good character. Successful investors need to have comprehensive qualities such as humility, patience, risk awareness, intuition and good decision-making ability. They should not be overconfident, overly optimistic or overly dependent on data and analysis, while ignoring investment intuition and experience.

9. Find out what you are best at, and then persevere and do it well: You should explore your own talents and strengths, find what you are really good at and love, and then devote yourself to it, and constantly strive to improve your skills and abilities. Through self-exploration and experimentation, you can understand your interests, abilities and potential, and persevere in improving in the direction of your passion, so that you can stand out in the fiercely competitive world, realize your own value and gain a sense of personal achievement.

10. As long as you are prepared, seize a few opportunities in life, take appropriate actions quickly, and do simple and logical things, your wealth in this life will be greatly increased: Opportunities are for those who are prepared. Successful investment decisions and career development require keen insight and decisive action. Be fully prepared before the opportunity comes, including the reserve of knowledge, the improvement of skills, the accumulation of experience, and the training of thinking methods. When the opportunity comes, have the courage and determination to seize it and take decisive action.

11. Think of things in a simple way and act seriously: Thinking of things in a simple way can help us understand the problem more clearly and avoid being hesitant and afraid because of thinking too complicated. At the same time, taking action seriously is the key to achieving goals. Only by being down-to-earth and working hard can we achieve good results. Simplicity and seriousness are a positive attitude that helps us move forward better in life.

12. If you want to get something, the most reliable way is to make yourself worthy of it: If you want to get something, the most reliable way and the only way is to make yourself qualified and worthy enough. Only by continuous efforts and learning, improving your ability and quality, can you truly deserve what you want. Whether you want to get a promotion at work or want to be respected and loved by others in life, you need to have the corresponding ability and morality.

13. You don't have to be outstanding, as long as you stay a little smarter than others for a long, long time: long-term accumulation can bring huge results. Even if you are just a little better than others every day, as long as you persist, you will surpass most people. To achieve this, you need to constantly work hard to learn and improve your abilities and qualities, accumulate knowledge and experience, improve your intelligence and thinking ability, and at the same time maintain keen observation and insight to capture opportunities and information in a timely manner.

14. I have never met a smart person who does not read every day. Continuous learning is the key to staying smart, and reading is one of the most basic and effective ways to learn. Through reading, you can gain more knowledge and information, broaden your horizons and thinking, inspire inspiration, and better understand yourself and others, so as to better understand the world. Everyone should develop the habit of reading, keep learning and growing, so as not to be abandoned by the times.

15. If you live your life right, you will be happier in your old age than when you were young: The right lifestyle and attitude will bring happiness in your old age. This may include healthy habits, a positive attitude, good relationships, meaningful work and pursuits, etc. If you focus on cultivating and persisting in these aspects when you are young, you will gain more satisfaction and happiness as you grow older.