#255: Long-Term High Performance? Seek Wisdom, Not Advancement. Unpacking Charlie Munger

Published: May 13, 2022, 2 p.m.

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\nThe Constant Student Community for thinkers & builders:  https://www.constantstudent.com.au/  
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\nThis episode unpacks the great Charlie Munger and his wisdom as it relates to education, learning and life.   
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\nS U M M A R Y:   
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\n0:00 Intro: Why is Charlie Munger Important?
\n3:57 Poor Charlie's Almanac & Importance of Longevity
\n8:57 The Importance of Incidental Wealth
\n11:24 Unpacking Long-Term High Performance & Continuous Learning
\n18:25 Without Continuous Learning, Career & Skill Stagnates 21:29 Why you should avoid 'hard work'
\n23:42 What is Charlie Munger's Biggest Career Secret? 27:57 The importance of avoidance and removal
\n33:22 How to outsmart smart people 36:31 Charlie Munger's multidisciplinary approach and avoiding narrow bias
\n40:31 Being self-taught and being multidisciplinary seem to go hand-in-hand
\n42:04 Making modern education more multidisciplinary
\n44:35 Independent creative projects flow into other areas of your life
\n46:26 The no. 1 bias holding young people back
\n52:44 The key: Never settle on roles for too long
\n56:07 1/5 Munger's investing approach in 10 Minutes
\n57:09 2/5 Stay within your circle of competency
\n57:42 3/5 non-formulaic approach
\n59:31 4/5 be cautious of your own success
\n1:02:48 5/5 keep expectations low
\n1:05:00 Munger's approach to ageing
\n1:10:36 The best part of your life should be old age
\n1:13:14 How to protect against ageing
\n1:15:54 Summary and Recap