{"id":418,"date":"2017-03-06T23:01:09","date_gmt":"2017-03-06T23:01:09","guid":{"rendered":"http:\/\/charliemungersays.com\/?p=418"},"modified":"2017-10-25T00:15:28","modified_gmt":"2017-10-25T00:15:28","slug":"51-charlie-munger-lesson-for-the-day-part-5-the-best-way-to-get-what-you-want-is-to-deserve-what-you-want","status":"publish","type":"post","link":"https:\/\/charliemungersays.com\/index.php\/2017\/03\/06\/51-charlie-munger-lesson-for-the-day-part-5-the-best-way-to-get-what-you-want-is-to-deserve-what-you-want\/","title":{"rendered":"51. Charlie Munger Lesson For The Day: Part 5: The Best Way To Get What You Want Is To Deserve What You Want"},"content":{"rendered":"

\"\"<\/a><\/p>\n

Excellent Book: Charlie Munger For All Seasons<\/a><\/p>\n

In Alice In The Wonderland, a beautiful classic written by a British mathematician Lewis Caroll, there is this simple but deep and meaningful conversation between Alice and the Cheshire Cat.<\/p>\n

Alice: Cheshire Cat, would you tell me, please, which way I ought to go from here?
\nCheshire Cat: That depends a good deal on where you want to get to.
\nAlice: I don\u2019t much care where.
\nCheshire Cat: Then it doesn\u2019t matter which way you go.
\nAlice: So long as I get somewhere.
\nChesire Cat: Oh, you\u2019re sure to do that, if you only walk long enough.<\/p>\n

Actually there are two important lessons here. (1) If you don\u2019t know where you are going, how are you supposed to get there?\u00a0If you don\u2019t know what you want, how are you supposed to get what you what want? (2) Sometimes, when you are in the process of figuring out what you want or\u00a0need a break from a place or situation, then you start by getting your behind from that place or situation. Anywhere but here can give you much needed breather.<\/p>\n

All in all, still you need to know what you want before you can get what you want. Having done that, there are various methods or models you can use depending on your situation, mental frame and genetic composition.<\/p>\n

Personally, I find Stephen Coveys \u00a07 Habits of Highly Effective People very effective. What are they? Well, here it is.<\/p>\n

    \n
  1. Be Proactive<\/li>\n
  2. Begin with the End in Mind<\/li>\n
  3. Put First Things First<\/li>\n
  4. Think Win-Win<\/li>\n
  5. Seek First to Understand, Then to be Understood<\/li>\n
  6. Synergize<\/li>\n
  7. Sharpen the Saw<\/li>\n<\/ol>\n

    For some, principle number two comes first. But if you haven\u2019t figured out number two, go to number one. Be proactive and figure out what you want.<\/p>\n

    What has Charlie Munger to say on getting what you want?<\/p>\n

    Charlie Munger:<\/p>\n

      \n
    1. Spend each day trying to be a little wiser than you were when you woke up. Discharge your duties faithfully and well. Step by step you get ahead, but not necessarily in fast spurts. But you build discipline by preparing for fast spurts. Slug it out one inch at a time, day by day. At the end of the day-if you live long enough-most people get what they deserve.<\/strong><\/li>\n
    2. What are the core ideas that helped me? Well, luckily 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. It’s such a simple idea. lt’s the golden rule. You want to deliver to the world what you would buy if you were on the other end. There is no ethos in my opinion that is better for any lawyer or any other person to have. By and large, the people who’ve had this ethos win in life, and they don’t win just money and honors. They win the respect, the deserved trust of the people they deal with. And there is huge pleasure in life to be obtained from getting deserved trust<\/strong><\/li>\n<\/ol>\n

      Also, if you get what you want and you deserve it, you generate less envy.<\/p>\n

      Charlie Mungers says:<\/p>\n

      But the egality has one effect in a democracy, which Aristotle comments on, people will cheerfully tolerate considerable differences of outcome if they seem deserved.\u00a0 Nobody minds the fact that Tiger Woods has a big income because he\u2019s the best golfer who\u2019s ever lived.\u00a0 Or you find somebody who invents something wonderful, or a surgeon who\u2019s way better than other surgeons, etc , etc.\u00a0 But differences in outcomes that are perceived as undeserved tend to disrupt democracy.\u00a0 That\u2019s why Aristotle commented on it in one of his most well known observations.<\/strong><\/p>\n

      And of course who is getting the undeserved money in America now?\u00a0 Good question.\u00a0 It is not Bill Gates, it is not the people who create the new companies\u2026\u00a0 We don\u2019t resent their success.<\/strong><\/p>\n

      Bill Gates and Tiger Woods are very successful in their respective fields and beyond. We cheer them on. We are their fans. We wish them even more success. Charlie Munger is right.<\/p>\n

      Against the backdrop of knowing what you want and getting it through diligence (say from applying Stephen Covey\u2019s 7 effective habits), still Charlie Munger rings true and loud, you should deserve it.<\/p>\n","protected":false},"excerpt":{"rendered":"

      Excellent Book: Charlie Munger For All Seasons In Alice In The Wonderland, a beautiful classic written by a British mathematician<\/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-418","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\/418","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=418"}],"version-history":[{"count":4,"href":"https:\/\/charliemungersays.com\/index.php\/wp-json\/wp\/v2\/posts\/418\/revisions"}],"predecessor-version":[{"id":884,"href":"https:\/\/charliemungersays.com\/index.php\/wp-json\/wp\/v2\/posts\/418\/revisions\/884"}],"wp:attachment":[{"href":"https:\/\/charliemungersays.com\/index.php\/wp-json\/wp\/v2\/media?parent=418"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/charliemungersays.com\/index.php\/wp-json\/wp\/v2\/categories?post=418"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/charliemungersays.com\/index.php\/wp-json\/wp\/v2\/tags?post=418"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}