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Charlie Munger – Feeling Like a Victim Is Perfectly Disastrous

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Re: Charlie Munger – Feeling Like a Victim Is Perfectly Disastrous

#31
post #20

Earlier quoted context omitted.

It's not my world view. I prefer to listen to professionals.

Maybe you need a professional to tell you to stop worrying about what other people find inspiring.

I didn't realize this wasn't a discussion forum.

Although, I am indeed sorry for posting under this specific topic.

Re: Charlie Munger – Feeling Like a Victim Is Perfectly Disastrous

#32
post #2

[flagged]

It's very easy to say even when you're poor.

I grew up relatively poor. I spent numerous years of my adult life poor.

It was easy to say regardless of how much money I had.

In fact, I hate the opposite premise: everything that happens to me is out of my control, my choices are out of my control, my mindset is out of my control. I'd rather own 100% of the blame for my circumstances than wallow in victimhood forever. Wallowing gets you nowhere, it won't actually get you out of the situation; taking responsibility in one way or another (either for your present mindset, or for choices you made that got you there), is the required minimum to get out.

This is a choice you get to make. How much willpower do you possess? How much discipline do you possess? What are you willing to do about your circumstances? More money doesn't dictate willpower or discipline, if anything it makes you soft, gelatinous.

Re: Charlie Munger – Feeling Like a Victim Is Perfectly Disastrous

#34
This is true.

It is also true that dispensing this particular advice is self-serving for people in power.

In a revolution, things get worse before they get better if they get better. Revolutions come at huge negative expected value. However, appeasing powerful forces can also have hugely negative expected value. Sometimes the calculus makes sense, and when it does, you should hope that people are appropriately discounting the self-serving advice from the powerful.

Re: Charlie Munger – Feeling Like a Victim Is Perfectly Disastrous

#35

I try my best to do this. When I find myself blaming person X for thing Y, it's pretty easy to come up with a way to blame myself instead (e.g. I shouldn't have involved person X in thing Y to begin with). It oddly makes me feel better and move on with a solution instead of stewing over person X's blunders.

Predators take advantage of this quality to gaslight/scam people, FYI.

Re: Charlie Munger – Feeling Like a Victim Is Perfectly Disastrous

#36

Charlie Munger had great advice in general. And I've learned a lot of good from him. But I will never get over the hypocrisy of owning a quarter of Coca Cola and constantly criticizing Americans for being overweight (he used words like "sloth").

Did he actually say this? I can't find any reference to this. (google search)

Re: Charlie Munger – Feeling Like a Victim Is Perfectly Disastrous

#38

Isn't he the guy that tried to build windowless dorms? Anyone who thinks humans should live without natural light is not anyone I am interested in taking advice from. Ref: https://www.archpaper.com/2023/08/university-california-aban...

Affordable housing where all I have to give up is a shitty view? Sign me up!

Re: Charlie Munger – Feeling Like a Victim Is Perfectly Disastrous

#39
post #13

Earlier quoted context omitted.

It's easy to make a pithy observation that he's a billionaire and then proceed to spew hate while thinking everything is a zero sum game. When Charlie was in his 30s, he was broke, his 9 year old son died, and he had a divorce. He was never a victim that blames others for their misfortunes though.

So it's his fault that all that happened to him? I am sorry that someone has died, and I regret making a comment on this particular post before realizing the actual post topic too late, but I am not too keen on living my life based upon how billionaires think. Munger, like many billionaires and as the above quote and his dorm designs showcase, liked to speak about things he didn't know anything about, and people like…

"So it's his fault that all that happened to him?" No - he's saying that acting like everything is his responsibility and that believing that only his actions care improve things is much more likely to lead to actual improvement than feeling like a victim.

Re: Charlie Munger – Feeling Like a Victim Is Perfectly Disastrous

#40

Charlie Munger had great advice in general. And I've learned a lot of good from him. But I will never get over the hypocrisy of owning a quarter of Coca Cola and constantly criticizing Americans for being overweight (he used words like "sloth").

> But I will never get over the hypocrisy of owning a quarter of Coca Cola and constantly criticizing Americans for being overweight.

That's not hypocrisy, that's savvy.

Hypocrisy is an American drinking Coke while complaining about their weight.

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