How to Make Sure you Never Prosper
Speaking to the graduating class of the Harvard School in Los Angeles in 1986, Charlie Munger recalled the only commencement address he had ever heard that he wished had gone on longer. It had been delivered by comedian and TV host Johnny Carson. Carson told the students that he could not offer any specific advice that would guarantee a happy life. He could, however, offer several reliable ways to guarantee a miserable life. His recommendations were straightforward: become de
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