Life Wisdom

Topic

• Todd Simkin on the principle of charity in conversations, negotiations, and trading
  The principle of charity is about thinking the best (in all relevant dimensions) of anyone whom you interact with
• Todd Simkin on conversation techniques that seem dull but actually help others think and reason
  The mere act of verbalizing an issue helps us seeing it from a different perspective. Also, “I wanna help. Tell me more”
• Shane Parrish and Todd Simkin on cognitive shortcuts, belonging, and tribalism
  We can’t reason all from first principles. We need rules. Avoid wrapping identities up into the rules of tribes though
• Charlie Munger on why “full-time” multidisciplinary thinking is not for everyone; but learning the big ideas is
  The path for most people is to specialize, get good at something society rewards, and get very efficient at doing it
• Charlie Munger on avoiding too much top-down theorization about ethics; better to engage with life practically
  If you’re sure about what’s right, you’re on the wrong track. Do something every day where you’re coping with reality
• Gian-Carlo Rota on the advice we give others
  “The advice we give others is the advice that we ourselves need”
• Charlie Munger on his golden rule, to deserve what you want
  “I had the idea at a very early age that the safest way to try to get what you want is to try to deserve what you want”
• Charlie Munger on not trying to be a prodigy, just trying to avoid the inanities, including the inanities of the prodigies
  “It’s remarkable the long-term advantage we’ve gotten by being not stupid; instead of trying to be very intelligent”
• Warren Buffett and Charlie Munger on what they admire about each other
  “What I like about Warren is the irreverence. We don’t have automatic reverence for the pompous heads of all civilization”
• Warren Buffett and Charlie Munger on how they first met
  “Both of our wives thought, ‘My god, another one’”
• Warren Buffett and Charlie Munger on friendships and the benefits of choosing to be a high-quality person
  Figure out the qualities you like in other people. Be a person who exhibits the very same qualities you admire in others
• Harj Taggar on how, in conversations, human motives get in the way of truth seeking
  Even if the stated goal of a conversation is getting closer to the truth, human nature often causes detours