Nov 15, 2021

Charlie Munger on victimhood vs. soldiering through

Some people just naturally complain and other people just naturally put their head down and sail through it - soldier through it.  Warren and I believe in soldiering through without too much fuss.  I have the theory that the dumbest thing you can do in life is to ever feel like a victim.  And any politician that makes people feel like victims, I automatically dislike.  I never saw any good to come of feeling like a victim.  Even if you are a victim I think it's a mistake.

The Chinese were living in poverty, subsistence agriculture, in caves and so on.  Real poverty, hundreds of millions of them.  They worked their way out of poverty.  And look at them now.  How would it have worked if they'd known "we'll vote ourselves rich, we'll raise the minimum wage?"  It's just so much better to use the Chinese way.  They just soldiered through and worked their way out.

~ Charlie Munger, "Charles Munger Interview - Becoming Warren Buffett," 7:00 mark, HBO / Kunhardt Film Foundation, July 20, 2021





No comments: