Tata Pension Management’s Ravikant Rathore shares 3 key lessons learnt from Charlie Munger
Charlie Munger, the veteran investor and philanthropist, who bid adieu to the world on Tuesday.
People in the financial fraternity across the globe mourned the loss and shared their stories of the impact that Munger had in their lives.
Among them was Ravikant Rathore, Chief Investment Officer, Tata Pension Management.
“Personally, Charlie has had a profound impact on me. He was a powerhouse of worldly wisdom, and his lessons went beyond investing to living a good life,” says Rathore.
Here’s some key lessons Rathore learnt from Munger:
* Avoiding Stupidity: We put all our efforts in trying to be smart to grow in life instead of focusing on simply avoiding mistakes.
“It is remarkable how much long-term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be very intelligent.
There must be some wisdom
in the folk saying: ‘It’s the strong swimmers who drown.’”
* Constant Learning: Going to bed a little wiser than you got up, compounds into a huge advantage over a longer period of time.
“In my whole life, I have known no wise people who didn’t read all the time–none, zero. You’d be amazed at how much Warren reads — and how much I read. My children laugh at me.
They think I’m a book with a couple of legs sticking out.”
* Avoiding Resentment: Munger himself had a difficult life, including divorce, partial blindness, and the death of a son. Still, he strived to avoid resentment.
«Another thing, of course, is life will have terrible blows, horrible blows, unfair blows. Doesn’t matter.
And some people recover and others don’t. And there, I think the attitude of Epictetus is the best. He thought that every mischance in life was an opportunity to behave well.
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