Charlie Munger: The best way to live is to repeat simple things for a lifetime! In this era full of 'more, faster, stronger', it seems that we are always doing addition, and investment is no exception. We need to learn more skills, meet more people, and seize more opportunities. Every day when I open my eyes, countless pieces of information are creating anxiety: If you don't run hard, you will be abandoned by your peers; If you don't seize that opportunity, life will be lost. We have turned ourselves into a high-speed spinning top, But I still feel deeply confused: why can't we live a good life despite our efforts? Perhaps we need to hear Charlie Munger's voice. Regarding how to live a good life, Munger's answer is so simple that it's outrageous: In one's lifetime, doing two things right can make one very wealthy: first, finding effective things and persisting in repetition; second, when encountering ineffective things, decisively avoiding them This is like performing a minimalist surgery on a chaotic life. There are no complex formulas, no emotional chicken soup. Only 'persistence' and 'avoidance'. Today, I want to talk to you about Munger's seemingly cold but actually the most healing philosophy of life. 01 About "Avoiding": Not being foolish is the greatest intelligence The greatest pain for modern people often comes from the desire to prove their intelligence. We always want to do some earth shattering things and find difficult solutions in complex situations. But Munger said, "If I knew where I would die, I would never go there for the rest of my life This is the famous' reverse thinking '. If you want to have a happy life, you don't need to study "how to be happy" first, but to study "how to suffer" first, and then avoid things that can cause pain. If you want to be healthy, avoid junk food and the habit of staying up late; If you want to be rich, avoid scams that promise to get rich overnight; If you want inner peace, avoid those bad people and things that always consume your emotions. We live tired because we have been entangled in 'ineffective' or even 'harmful' things for too long. Think about it, how much time did you spend correcting others' biases? How much energy did it take to maintain those hypocritical social interactions? How many nights have you spent worrying about those uncontrollable futures? Munger tells us, "We don't try to be smart, we just try not to become fools In this world where anxiety and shortcuts are sold everywhere, 'not doing' often requires more wisdom than 'doing'. Resolutely avoid ineffective things, avoid relationships that make you uncomfortable, and avoid risks that are likely to fail. Life is not a game of who scores higher, but a long run of who makes fewer mistakes. When you avoid all those 'pitfalls', the flat road that remains will naturally lead to beauty. 02 Regarding "Repetition": Waiting for compound interest to occur in a simple rhythm Avoiding ineffective things, the rest is to 'find effective things and persist in repetition'. This sentence sounds very dry. We like freshness, excitement, "three-day crash", and "overtaking on corners". But Munger has been practicing the philosophy of "sitting and waiting" throughout his life. He said, "Big money is not earned by buying or selling, but by waiting The 'waiting' here is not passive lying flat, but continuous repetition. When you find something truly valuable and suitable for you—— Perhaps it's writing, programming, spending time with family, or simply reading for an hour every day. Please take root quietly in this field. Don't be anxious because you can't see the results for the time being, and don't be envious because of someone else's busy track. By repeating simple tasks, you can become an expert; By doing repetitive things with care, you can become a winner. Munger and Buffett spent their entire lives repeatedly reading, thinking, and investing in companies that they understood. This tedious repetition ultimately resulted in astonishing compound interest. Compound interest is the eighth wonder of the world. It is not only suitable for money, but also for wisdom, health, and relationships. By exercising for 30 minutes every day, you will have a brand new body after a year; By expressing love to your partner every day, you will have an unbreakable relationship in ten years; By persisting in deep thinking every day, you will have the wisdom to penetrate the world after a lifetime. What heals us with Munger is the steadfastness of 'long termism'. He made us understand that true wealth is never the result of a sprint, but the reward of time for the 'perseverers'. You don't need three heads and six arms, you just need to foolishly persist in the right things. 03 Regarding the "Circle of Abilities": Admitting limitations is the highest level of relaxation Why do we always feel anxious? Because we always focus on others' '' success' and try to reach what we can't reach. Munger has a famous concept: the 'circle of abilities'. He said, "You must figure out what you can and cannot do. Acting within your circle of ability, you will be safe; once you step out of your circle of ability, you will be dangerous Admitting one's limitations, in Munger's view, is not weakness, but the greatest clarity. You don't need to understand all the stocks, you just need to understand the ones you are familiar with; You don't need to please everyone, you just need to take care of those around you; You don't need to be the first in all fields, you just need to strive to the extreme in your passion. What a gentle release it is. It allows us to 'not understand', allows us to 'not be able', and allows us to 'miss'. When you no longer try to control everything, when you no longer blindly compare yourself to others' pace, but return to your own "one acre and three fen land" and cultivate meticulously. You will find that the tense nerves have finally relaxed. Focus is the cure for chaos. Focus your limited life energy on the 'small circle' that you truly understand, love, and can control. Although the circle is small, that is your certainty. In an uncertain world, having certainty is the greatest happiness. In conclusion The greatest truths are the simplest. Life is not that complicated, and there is no need to exert too much force. Subtract, eliminate ineffective noise, and avoid people and things that consume you; Do addition, find the right thing, and then spend a lifetime loving and repeating it. Don't be anxious about walking slowly. Munger once said, "Before going to bed every day, try to be a little smarter than when you wake up That's enough. Slow and steady, every day a stroke. Please rest assured to leave the rest to time. May you be in this complex world, Having the courage to 'avoid' and the patience to 'repeat'. So, this is the best life.