{"id":285,"date":"2017-01-31T01:07:15","date_gmt":"2017-01-31T01:07:15","guid":{"rendered":"http:\/\/charliemungersays.com\/?p=285"},"modified":"2017-10-25T00:36:22","modified_gmt":"2017-10-25T00:36:22","slug":"26-what-are-the-3-simple-yet-power-lessons-from-warren-buffett-charlie-munger","status":"publish","type":"post","link":"https:\/\/charliemungersays.com\/index.php\/2017\/01\/31\/26-what-are-the-3-simple-yet-power-lessons-from-warren-buffett-charlie-munger\/","title":{"rendered":"26. What Are The 3 Simple Yet Powerful Lessons from Warren Buffett &#038; Charlie Munger?"},"content":{"rendered":"<p><strong><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-medium wp-image-287\" src=\"https:\/\/charliemungersays.com\/wp-content\/uploads\/2017\/01\/CM16-300x251.jpg\" alt=\"\" width=\"300\" height=\"251\" srcset=\"https:\/\/charliemungersays.com\/wp-content\/uploads\/2017\/01\/CM16-300x251.jpg 300w, https:\/\/charliemungersays.com\/wp-content\/uploads\/2017\/01\/CM16.jpg 608w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/strong><\/p>\n<p><a href=\"https:\/\/www.amazon.com\/Charlie-Munger-Seasons-Eugene-Federen\/dp\/1548719293\/ref=sr_1_1?ie=UTF8&amp;qid=1500437731&amp;sr=8-1&amp;keywords=charlie+munger+for+all+seasons\" target=\"_blank\" rel=\"noopener\">Excellent Book: Charlie Munger For All Seasons<\/a><\/p>\n<p><strong>Envy is stupid sin without any upside. Resentment and revenge is crazy. So, don\u2019t be stupid and crazy.<\/strong><\/p>\n<ol>\n<li>Charlie Munger: There\u2019s an old saying, \u201cWhat good is envy? It\u2019s the one sin you can\u2019t have any fun at.\u201d It\u2019s 100% destructive. Resentment is crazy. Revenge is crazy. Envy is crazy. If you get<\/li>\n<li>those things out of your life early, life works a lot better.<\/li>\n<\/ol>\n<p><strong>Temperament is Important.<\/strong><\/p>\n<ol>\n<li>Warren Buffett: Temperament is more important than IQ (sic: in investing). You need reasonable intelligence, but you absolutely have to have the right temperament. Otherwise, something will snap you.<\/li>\n<\/ol>\n<p><strong>Be Good At Lifelong Learning. Better still, have\u00a0 group of friends who help you learn.<\/strong><\/p>\n<p>Munger: The other big secret is that we\u2019re good at lifelong learning. Warren is better in his 70s and 80s, in many ways, that he was when he was younger. If you keep learning all the time, you have a wonderful advantage.<\/p>\n<p>Source:\u00a0http:\/\/fortune.com\/2013\/10\/31\/warren-buffett-and-charlie-mungers-best-advice\/<\/p>\n<p><a href=\"https:\/\/www.facebook.com\/groups\/charliemungersays\/\" target=\"_blank\" rel=\"noopener\">https:\/\/www.facebook.com\/groups\/charliemungersays\/<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Excellent Book: Charlie Munger For All Seasons Envy is stupid sin without any upside. Resentment and revenge is crazy. So,<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[3,4],"tags":[],"class_list":["post-285","post","type-post","status-publish","format-standard","hentry","category-investment","category-wisdom"],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/charliemungersays.com\/index.php\/wp-json\/wp\/v2\/posts\/285","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/charliemungersays.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/charliemungersays.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/charliemungersays.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/charliemungersays.com\/index.php\/wp-json\/wp\/v2\/comments?post=285"}],"version-history":[{"count":5,"href":"https:\/\/charliemungersays.com\/index.php\/wp-json\/wp\/v2\/posts\/285\/revisions"}],"predecessor-version":[{"id":910,"href":"https:\/\/charliemungersays.com\/index.php\/wp-json\/wp\/v2\/posts\/285\/revisions\/910"}],"wp:attachment":[{"href":"https:\/\/charliemungersays.com\/index.php\/wp-json\/wp\/v2\/media?parent=285"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/charliemungersays.com\/index.php\/wp-json\/wp\/v2\/categories?post=285"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/charliemungersays.com\/index.php\/wp-json\/wp\/v2\/tags?post=285"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}