The legendary woman who was reborn from the ashes

Munger, the master of wisdom, threw out three brilliant pearls of thought in a quiz, allowing him and his youngest son to indulge in his wisdom while reading "The Poor Charlie's Almanack" together.

Between the second and third speeches, we encountered a page of treasures engraved with Munger’s unique insights and wisdom on life and career. . .

The first question is about how to select the right company to acquire, just like an explorer searching for treasure. Munger does not stick to those cold financial indicators, but relies on his keen and insightful subjective judgment.

He mentioned casually that "we don't use financial yardsticks very often", but this "subjective standard" is like an invisible magic hand, cleverly incorporating financial factors such as expected cash flow. This is Munger's unique way of deeply analyzing the future growth potential of a company, and he interprets the true value of a company from his own unique perspective.

The second question is like a guiding beacon, illuminating the way forward for confused young people in the ocean of career choices.

Munger gave three shining principles: Never promote products that you don’t believe in, never work for people you can’t respect and admire, and only work with partners who are in tune with your soul.

These principles are like wise men's maxims, full of profound thoughts on professional careers.

Just imagine, if a person cannot even firmly believe in a product, how can he convince others to buy it? This is just like me, always adhering to the concept of sharing what I believe in and putting it into practice.

The third question is a life guide that Munger offers to young people. When I read this part with my youngest son, I seemed to be able to feel his kind and profound gaze.

He earnestly advised young people to stick to their own values, pursue truth and kindness, and not let worldly vanity confuse their eyes.

He encouraged young people to pursue their dreams and move forward bravely despite difficulties and obstacles. These suggestions are not only guidance for young people, but also inspiration for each of our lives.

When reading Munger's answers, Jiang Juan seemed to be in a series of vivid paintings. Those entrepreneurs who stick to their values ​​and those young dreamers who move forward courageously are the best interpretations of Munger's wisdom.

These vivid examples make Jiang Juan more convinced that Munger's wisdom not only illuminates the hall of business, but also serves as a beacon to guide each of us towards a better life.

Munger's wisdom seems to have turned into two springs, nourishing our hearts. If you savor it deeply, you will find that this is actually a suggestion with profound philosophy, but if you interpret it from different dimensions, its connotation will be more colorful.

First of all, Munger solemnly explained to us the inexhaustible motivation of continuous learning. He encouraged us to be wiser than yesterday every day. This desire and pursuit of knowledge is the driving force for our continuous progress.

Such a persistent scholar eagerly absorbs new knowledge every day, just like an explorer constantly exploring unknown areas. Every insight brings him one step closer to the truth, and the light of wisdom becomes brighter and brighter.

Another suggestion is a profound exposition on responsibility and accountability. Munger takes ordinary workers on the assembly line as an example. Even though they repeat the same work every day and seem ordinary, it is this spirit of perseverance and dedication that builds the cornerstone of society.

Every worker interprets his love and dedication to work in his own way, and this attitude itself is a kind of growth and improvement.

In fact, these two suggestions complement each other and together constitute our philosophy of life in pursuit of excellence. At work, we should not only go all out and fulfill our duties, but also always maintain a curious mind, draw nourishment from every detail, and continue to grow and improve.

This attitude towards life is the key to achieving “a little progress every day”.

Of course, Munger also knows that the road of life is not always smooth. Facing the challenges and difficulties in life, he gave three valuable suggestions.

First, learn to adjust your expectations to avoid disappointment and frustration caused by overly high expectations;

Second, cultivate an optimistic and humorous mentality, face the ups and downs of life with a relaxed attitude, and maintain a calm mentality in difficult situations;

Third, cherish the family and friendship around you, because love is the most powerful force for us to overcome all difficulties.

In his closing remarks, Munger emphasized the importance of adapting to changes in life. He said humorously, "If the world hadn't changed, I would still have 12 flaws now." Although this sentence is a joke, the philosophy it contains is thought-provoking.

Munger tells us that changes in life are the catalyst for our growth. Only by constantly adapting and adjusting can we overcome our own shortcomings and achieve a more perfect self.

Munger's advice is not only a guide to our attitude towards life, but also a profound explanation of our philosophy of life.

Let us always maintain a curious mind and a responsible attitude in our pursuit of excellence, bravely face the challenges and changes in life, and continue to grow and progress.

He began with a vivid example, reminding us that if we cannot adapt to the flow of life and adjust our pace, we are doomed to expose our shortcomings and deficiencies.

Just like a swimmer trying to swim upstream, if he simply resists the current without adjusting his posture and strategy, he will only be exhausted and unable to move forward.

When we actively embrace change and adjust ourselves flexibly, we will be like a boat floating downstream. Not only will we be able to move forward more freely, but we will also be able to constantly improve ourselves and become a better self in the process.

In golf, for example, we might be confused by the term "a twelve handicap," which seems to imply that a player has twelve areas in which to improve.

However, this is not its true meaning. In the discussion between Munger and his youngest son, they gradually realized that this is actually a symbol, symbolizing that in the field of life, we must dare to accept challenges and be willing to face changes.

It is these changes that drive us to keep learning and making progress. As Munger said, if the world remained unchanged, his golf skills might only stay at a certain level and would not be able to achieve today's achievements.

When it comes to reading, Jiang Juan knows that just browsing Munger's Q&A is not true reading. Real reading requires strategy, skills, and more importantly, we need to experience and understand with our heart.

Munger also often shares his reading experience with his youngest son, and tells him that the core of reading is the transfer and application of knowledge. His son quickly understood the concept of transfer and was further deepened by the examples given by Munger.

Munger was answering a question about how to value a business, and you might think that this knowledge is useless if you don’t plan to acquire a business.

However, this is the charm of knowledge transfer. The knowledge of "how to evaluate corporate value" can be applied to every aspect of our daily life.

Whether it is selecting an investment target, judging the feasibility of a project, or even evaluating a person's character and ability, we can refer to this evaluation method. In this way, we not only broaden the application field of knowledge, but also improve our overall quality.

Munger's advice is like a bright light, illuminating the way forward for us. He teaches us how to face life better and how to continue to grow and improve in life.

Whether it is learning, fulfilling responsibilities, adjusting expectations, cultivating a sense of humor, or adapting to changes in life, these are the qualities we need to constantly pursue and improve in our journey of life. Only in this way can we truly "make a little progress every day" and make our lives more fulfilling and meaningful.