Monday, May 19, 2008

Munger's Commencement Speech

These are quotes taken from Munger's Commencement Speech at USC School of Law on 13 May 2007. Instead of copying the entire speech, it seemed more productive to pick out the best pearls of wisdom for your ease of reference. What do you guys think of these?

  • The safest way to get what you want is to deserve what you want.

  • Deliver to the world what you would buy if you were on the other end.
  • There is huge pleasure in life to be obtained from getting deserved trust. And the way to get it is to deliver what you would want to buy if the circumstances were reversed.
  • There’s no love that’s so right as admiration based love and that love should include the instructive dead.

  • Wisdom acquisition is a moral duty. It’s not something you do just to advance in life. As a corollary to that proposition which is very important, it means that you are hooked for lifetime learning. And without lifetime learning, you people are not going to do very well. You are not going to get very far in life based on what you already know. You’re going to advance in life by what you learn after you leave here.
  • I constantly see people rise in life who are not the smartest, sometimes not even the most diligent, but they are learning machines. They go to bed every night a little wiser than they were when they got up and boy does that help, particularly when you have a long run ahead of you.

  • ...so if civilization can progress only with an advanced method of invention, you can progress only when you learn the method of learning.

  • Nothing has served me better in my long life than continuous learning.

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