00:41 🔄 Inverted thinking: Charlie Munger's approach involved solving complex problems by first considering how to destroy or negate them, leading to innovative solutions. 03:02 🛡 Simplicity over complexity: Munger's preference for simplicity in decision-making, striving for businesses easy enough that even an "idiot" could manage them. 05:08 💰 Perfect business components: Uniqueness, expensiveness (high-margin), and stickiness (recurring sales) were key factors Munger looked for in businesses. 07:18 🏢 Hiring like an owner: Finding individuals who act and think like owners, making decisions that prioritize the company's long-term success. 08:57 🍎 Emphasizing brand: Munger's recognition of the importance of brand strength in companies like Apple led to successful investments. 10:31 💸 Living within means: Munger stressed the foundational principle of spending less than earning for financial stability. 11:41 🔄 Mastering fundamentals: Focus on continually simplifying and executing the fundamentals in business rather than pursuing complex strategies. 12:26 📚 Learning from others' mistakes: Munger advocated learning from the mistakes of others to avoid unnecessary pitfalls and setbacks. 13:35 🛑 Knowing when "enough" is enough: Munger's emphasis on achieving independence and contentment over relentless pursuit of wealth serves as a valuable life lesson.
What a wholesome down to earth dude. Rest in peace. I saw the look on Alex's face when he was talking about independence. Then I noticed a lot of similarities between me and my best friend and Warren and Charlie's friendship. It hit a soft spot. I cried a couple of tears of wholesome joy. Shoutout to Charlie
Alex, thanks for sharing your learnings from Charlie. So helpful. 00:50 Inverted thinking can lead to innovative solutions. 03:35 Simplicity is key in decision-making and business operations. 05:07 Focus on unique, expensive, and sticky businesses. 07:32 Know when to say 'enough' and avoid unnecessary complexity. 08:32 Brand plays a crucial role in business success. 10:29 Live within your means and prioritize financial fundamentals. 12:13 Learning from the mistakes of others. 13:30 The value of independence over money.
Charlie was truly a fantastic man, all the lessons he gave the world, tremendous appreciation, as well thank you Alex for making this video about such a legend.
Just so you know Alex, the impact you have had on my life is profound, as I assume is the case for so many others. I am eternally grateful! Thank you for truly benefiting all!
Hi alex, the way you communicate seemingly complex concepts in a way where everyone can understand them is fascinating to me, and I've adopted that "breaking down" process myself into my own life, and I've improved it massively. I've eliminated all insecurity within myself by changing them from something I fear to something I seek out so that I am less in my own way of living a life I'd be proud of. I wish more people would adapt such an approach to teaching, as it is undeniable that there are so, so many conflicts over simple miscommunication and overly emotional egotistical men. If more leaders had your philosophy on life, especially about the accepting that once you die everything turns to dust, there would be no wars, there would be a productive world where people would simply learn, play, create and fuck. I truly think more people need to hear you, from a non-business side of things, and I truly believe that you could make the world a better, leading by example.
list of books that Charlie reccomended "Faraday, Maxwell, and the Electromagnetic Field: How Two Men Revolutionized Physics" "Deep Simplicity: Bringing Order to Chaos and Complexity" "Fiasco: The Inside Story of a Wall Street Trader" "Influence" "The Outsiders" "Only the Paranoid Survive" "Man's Search for Meaning" "Guns, Germs, and Steel" "The Selfish Gene" "Seeking Wisdom" "The Autobiography of Benjamin Franklin"
this video is so beautiful, meaningful, and grateful. as an international student, I had hard time understanding Munger accent, but after watching this I learnt so much. Thanks Alex, and RIP Mr Munger
A lot of Munger videos came out during his passing. This video is one of the best distillations of his thinking. This is the only video so far that I'm bookmarking. Thank you Alex!
Thank you Alex. Charlie not turning 100, but almost and have lived 99 years the way he did really drove home the points you're making - R.I.P. Charlie Munger (1924-2023)
It was just now that I was creating a list of books Charlie had recommended that this video was uploaded, as well as hearing of his passing. One of the greatest self-taught investor, philosopher, and human to walk this earth.
12:13 Success in life is the result of good judgement. Good judgement is usually the result of experience. And experience is usually the result of bad judgement.
This is a beautiful tribute, Alex. I agree with your heartfelt sentiments about Charlie. His legacy will be honored by people like yourself, me and other by implementing what he so freely shared. ❤
This video will save more lives than I think. Thanks a lot for making it, Alex. Such a beautiful tribute to Sir Charles T. Munger. May his soul rest in eternal peace.
One mistake I would like to point out, it wasn’t Einstein who said invert always invert. It was actually the german mathematician which Charlie mentions in his book - Carl Gustav Jacob Jacobi
Great video, bro! Charlie is a huge reference of wiseness in my personal life and you condensed some of his lessons in very practical way with examples. Thanks for putting this video together and greetings from Brazil!
Thank you Alex. I saw your content recently about "inversion thinking," and that started down the Charlie Munger Road. Just got "Poor Charlie's Almanac." And it's outstanding. I can't wait to watch this video over and over. Thanks for all the great content.
Fantastic video, Alex. You know, one aspect of Charlie's life that always impressed me was his passing of the limelight to Warren. He was settled internally and didn't need the praise (not that Warren did btw). That fact (as told by Warren) boosted Charlie to yet another level higher in my regard for him.
Thanks for educating me on the importance and lessons of Charlie munger. I heard you talk about him a lot but never really knew anything about him. Now I do. Wow.
Incredible insights! Charlie Munger's wisdom is timeless. Such powerful lessons for personal and business growth, thanks for sharing them, with us,Alex!
I’m grateful that I will fight and win cancer for the 2nd time- I will continue helping others build a better life mentally and financially- I’m grateful to be and have access to information that I see as beneficial to my growth as a human, to learn grow be humbled and do more… we often complicate life more than we should- when you take a deep breath slow down and get back to the basics you build a better stronger foundation sometimes…🎉 Charlie was a wise brilliant man
Thank you for another great video. As usual, your content is of exceptionally high quality, delivered in the clearest and most effective way possible. I love it!
The thing I love about this channel is that it obviously has only committed people as its viewership. No young kids trying to find a way to get rich quick, or listening to find motivation, like a lot of people do with billionaire speeches. And Alex obviously knows this, and has optimized for this. This way, he gives straight value, no bluff, no "mental masturbation" or unrealistic routines. He knows that his audience is beyond that, and he knows that they are human beings too, and value their own opinions more than his.Which is why he never says things like do this, you are not successful if you do that etc. What maybe Alex's biggest achievement may feel like a punishment to someone else. He just gives his own subjective view, his life experiences, and just asks people to try it if they feel a connection with him. His advice is ultimately for a younger Alex, and he never tries to be beyond that. He readily accepts that his advice is not for most people. He NEVER tries to portray himself as supreme authority on anything other than his own life, which is attractive. He's always like "what I would do" or "what I did" "the way I see it" To me it's blah blah blah".
Rest in peace. One of the greats for sure, and the last one is definitely the one that hits the most for me. Living a life well lived, for 100 years, now that's the dream life.
I majored in math. We have a technique of proofs called "by contrapositive". Basically, "If A, then B" is equivalent to "If not B, then not A". Let A="I destroy my business" and B="the things I do". If I do things "not B", the collection of behaviors opposite B, then I do the opposite of destroy my business. QED, checks out.
Charlie Munger was probably the smartest person alive in our lifetime. He did so many difficult things at scale and made it seem easy to understand. We are super lucky to be alive in the era that we are as many of this man's talks are easily available to see on UA-cam.
![Naval Ravikant - The 4 BIGGEST TRAPS in Life that You NEED to GET OUT [w/ Charlie Munger]](/img/n.gif)
00:41 🔄 Inverted thinking: Charlie Munger's approach involved solving complex problems by first considering how to destroy or negate them, leading to innovative solutions.
03:02 🛡 Simplicity over complexity: Munger's preference for simplicity in decision-making, striving for businesses easy enough that even an "idiot" could manage them.
05:08 💰 Perfect business components: Uniqueness, expensiveness (high-margin), and stickiness (recurring sales) were key factors Munger looked for in businesses.
07:18 🏢 Hiring like an owner: Finding individuals who act and think like owners, making decisions that prioritize the company's long-term success.
08:57 🍎 Emphasizing brand: Munger's recognition of the importance of brand strength in companies like Apple led to successful investments.
10:31 💸 Living within means: Munger stressed the foundational principle of spending less than earning for financial stability.
11:41 🔄 Mastering fundamentals: Focus on continually simplifying and executing the fundamentals in business rather than pursuing complex strategies.
12:26 📚 Learning from others' mistakes: Munger advocated learning from the mistakes of others to avoid unnecessary pitfalls and setbacks.
13:35 🛑 Knowing when "enough" is enough: Munger's emphasis on achieving independence and contentment over relentless pursuit of wealth serves as a valuable life lesson.
A
thank you for this
i@@danielemarino1428
Big if true
THANK YOU!!!
Charlie Munger was one of a kind. Thank for sharing these lessons, Alex.
What a wholesome down to earth dude. Rest in peace.
I saw the look on Alex's face when he was talking about independence. Then I noticed a lot of similarities between me and my best friend and Warren and Charlie's friendship. It hit a soft spot. I cried a couple of tears of wholesome joy. Shoutout to Charlie
Alex, thanks for sharing your learnings from Charlie. So helpful.
00:50 Inverted thinking can lead to innovative solutions.
03:35 Simplicity is key in decision-making and business operations.
05:07 Focus on unique, expensive, and sticky businesses.
07:32 Know when to say 'enough' and avoid unnecessary complexity.
08:32 Brand plays a crucial role in business success.
10:29 Live within your means and prioritize financial fundamentals.
12:13 Learning from the mistakes of others.
13:30 The value of independence over money.
I STUDIED U I STOLE FROM U.
inverted thinking, reverse engineer.
Thank you Eric! :)
Instant classic.
I'll be revisiting this one many times.
Thanks, Alex.
Revisiting this, 9 months later
Charlie was truly a fantastic man, all the lessons he gave the world, tremendous appreciation, as well thank you Alex for making this video about such a legend.
Brilliant eulogy. I'm a huge fan of Charlie Munger too, and now I'm a huge fan of you. The torch has been passed.
Just so you know Alex, the impact you have had on my life is profound, as I assume is the case for so many others. I am eternally grateful! Thank you for truly benefiting all!
Hi alex, the way you communicate seemingly complex concepts in a way where everyone can understand them is fascinating to me, and I've adopted that "breaking down" process myself into my own life, and I've improved it massively. I've eliminated all insecurity within myself by changing them from something I fear to something I seek out so that I am less in my own way of living a life I'd be proud of.
I wish more people would adapt such an approach to teaching, as it is undeniable that there are so, so many conflicts over simple miscommunication and overly emotional egotistical men. If more leaders had your philosophy on life, especially about the accepting that once you die everything turns to dust, there would be no wars, there would be a productive world where people would simply learn, play, create and fuck.
I truly think more people need to hear you, from a non-business side of things, and I truly believe that you could make the world a better, leading by example.
I've watched this 3 times. I admire Charlie so much and his philosophy. this was an amazing tribute to him. Thanks for another great one Alex.
What a fab video. Created about a legend by a legend.
Well done Alex Hormozi on a lovely tribute. RIP Charlie Munger
list of books that Charlie reccomended
"Faraday, Maxwell, and the Electromagnetic Field: How Two Men Revolutionized Physics"
"Deep Simplicity: Bringing Order to Chaos and Complexity"
"Fiasco: The Inside Story of a Wall Street Trader"
"Influence"
"The Outsiders"
"Only the Paranoid Survive"
"Man's Search for Meaning"
"Guns, Germs, and Steel"
"The Selfish Gene"
"Seeking Wisdom"
"The Autobiography of Benjamin Franklin"
Harry Potter e o prisioneiro de Azkaban
1)Lesson 1 - Inverted Thinking
2)Lesson 2 - Prioritize Simplicity
3)Lesson 3 - Unique Expensive Sticky Air
4)Lesson 4 - Enough is Enough
5)Lesson 5 - The Importance of Brand
6)Lesson 6 - Live Under Your Means
7)Lesson 7 - Learn From Others Mistakes
8)Lesson 8 - Seek Independence
Studying Charlie Munger truly changed my life. More people need to start studying the lessons he taught
you changed mine
Biceps are having their own show in this one 💪
😂 yes totally getting distracted by those guns. They are visibly bigger in last few videos.
Let's not even get started with those gigantic delts
Hahaha
Got big biceps and small forearms, maybe should put that shirt back on
this video is so beautiful, meaningful, and grateful. as an international student, I had hard time understanding Munger accent, but after watching this I learnt so much. Thanks Alex, and RIP Mr Munger
An amazing tribute to Charlie Munger, Alex. Thanks for sharing.
Forever one of the greatest of all time.
Philanthropist, Investor, Teacher
Rest in Peace : Charles Munger
-Thank You Alex 4 the Video ❤
This is the best and simplest dissection of Charlies and Warrens way of thinking. One of your best videos so far.
A lot of Munger videos came out during his passing. This video is one of the best distillations of his thinking. This is the only video so far that I'm bookmarking. Thank you Alex!
Thank you Alex. Charlie not turning 100, but almost and have lived 99 years the way he did really drove home the points you're making - R.I.P. Charlie Munger (1924-2023)
It was just now that I was creating a list of books Charlie had recommended that this video was uploaded, as well as hearing of his passing. One of the greatest self-taught investor, philosopher, and human to walk this earth.
Care to share your list?
Share
Link the list please bruddha!
Would love to see this list, brother 🙏
Share it man!
12:13 Success in life is the result of good judgement. Good judgement is usually the result of experience. And experience is usually the result of bad judgement.
This is a beautiful tribute, Alex. I agree with your heartfelt sentiments about Charlie. His legacy will be honored by people like yourself, me and other by implementing what he so freely shared. ❤
Well done Alex. It's important to be grateful. I send you my respect and friendship from Belgium. Kind regards, Alex
Great homage to the great Charlie Munger! Thank you!
This video will save more lives than I think. Thanks a lot for making it, Alex.
Such a beautiful tribute to Sir Charles T. Munger. May his soul rest in eternal peace.
Beautiful tribute, thanks Alex! 🙏🏽🥰
Excellent tribute of gratitude.
One of the best guys on UA-cam. Thank you for all the videos sir.
Incredible tribute. I love the respect and admiration Alex shows for the greats.
Thanks Alex! I appreciate this today as a business owner this is gold
RIP. Nice memory and advices Alex, thank you.
Thank you for paying it forward.
Beautiful video, thank you. The last note, I needed the most. To remember that, I'm working so hard to be independent.
Alex, this was a fantastic video. Great tribute, and you really nailed all the key takeaways for people who haven’t watched tons of Charlie’s clips!
Very well said bro. I'm a Warren and Charlie fan too. I love your key takeaways and just how you present it. Keep it up!😊
Enough. That word says so much. A hero of mine as well. It's wonderful that we live in an age that so much of his wisdom is recorded and archived.
One mistake I would like to point out, it wasn’t Einstein who said invert always invert. It was actually the german mathematician which Charlie mentions in his book - Carl Gustav Jacob Jacobi
The amount of wisdom concentrated in this video. My goodness gracious
I was waiting for you to address this. We're so lucky he shared his knowledge
A beautiful tribute and a great reminder, thank you Alex.
Great video, bro! Charlie is a huge reference of wiseness in my personal life and you condensed some of his lessons in very practical way with examples. Thanks for putting this video together and greetings from Brazil!
That was beautiful Alex. You are my uncle Alex. Thank you so much for sharing your journey and being such a great role model for my life.
Such a good video! Thank you!!! I usually don’t write comments but as a business owner this was very helpful.
Thank you Alex. I saw your content recently about "inversion thinking," and that started down the Charlie Munger Road. Just got "Poor Charlie's Almanac." And it's outstanding. I can't wait to watch this video over and over. Thanks for all the great content.
You know you are the best Alex, thanks for sharing, I will share, stay blessed, keep up the amazing work and let's go! 💪💪💪💪💪💪💪
Excellent tribute! 💯
Thanks for sharing your insights on the great Charlie Munger!!
This was lovely. Thank you for sharing.
Thank you for sharing, Alex!
Very touching and inspiring video. Thanks Alex!
Best video Alex. Thank you for the tribute. True class!
Great video I enjoyed seeing a individual and entrepreneurs perspective rather than the copy paste of a media organization
Doing charity in a lifetime is a life well lived. Good Journey
Hormozzi is a deep dude. Respect ✊🏼
Fantastic video, Alex. You know, one aspect of Charlie's life that always impressed me was his passing of the limelight to Warren. He was settled internally and didn't need the praise (not that Warren did btw). That fact (as told by Warren) boosted Charlie to yet another level higher in my regard for him.
Mozination!🤙🏽🙌🏽great video! Thanks Alex, R.I.P Charlie!!😢
I am convinced that Alex has learned the art of just talking without saying any
Great video and well produced. Thanks Alex.
Congratulations for your video.I just didn't expect to listen all these messages in only 15 minutes.Thank you.
Love your tone for this video, beautiful.
Incredible. The “keep it simple” resonated with me the most.
Rest in Peace Charlie!! It's sad to have lost one of the best modern life coaches. He will be missed.
I love your energy! No wonder why you stay at the top for so long time. You inspire me a lot for my own channel. Thank you Alex!!
Great lessons!! Thank you for making and sharing this video!
Thanks for sharing Alex. Powerful stuff.
Incredibly informative video. Thank you, Alex! Much appreciated.
Love this video man 💯. Fun fact about Munger is that he was a lawyer and started the firm Munger, Tolles & Olson
Thank you, Alex!
Thanks for educating me on the importance and lessons of Charlie munger. I heard you talk about him a lot but never really knew anything about him. Now I do. Wow.
Incredible insights! Charlie Munger's wisdom is timeless. Such powerful lessons for personal and business growth, thanks for sharing them, with us,Alex!
I’m grateful that I will fight and win cancer for the 2nd time- I will continue helping others build a better life mentally and financially- I’m grateful to be and have access to information that I see as beneficial to my growth as a human, to learn grow be humbled and do more… we often complicate life more than we should- when you take a deep breath slow down and get back to the basics you build a better stronger foundation sometimes…🎉
Charlie was a wise brilliant man
Thank you for another great video. As usual, your content is of exceptionally high quality, delivered in the clearest and most effective way possible. I love it!
Amazing. Especially the end
I really like this video, the minimal mood… the value is everything
Great video! Educational and a beautiful homage to a great man.
I loved this vídeo, love simplicity, thank you so much for everything that you are sharing. God bless you in returns 🙏✨
Thank You, Alex, "Live Within Your Means." The Secret to all financial success.
The thing I love about this channel is that it obviously has only committed people as its viewership. No young kids trying to find a way to get rich quick, or listening to find motivation, like a lot of people do with billionaire speeches.
And Alex obviously knows this, and has optimized for this. This way, he gives straight value, no bluff, no "mental masturbation" or unrealistic routines.
He knows that his audience is beyond that, and he knows that they are human beings too, and value their own opinions more than his.Which is why he never says things like do this, you are not successful if you do that etc. What maybe Alex's biggest achievement may feel like a punishment to someone else.
He just gives his own subjective view, his life experiences, and just asks people to try it if they feel a connection with him. His advice is ultimately for a younger Alex, and he never tries to be beyond that. He readily accepts that his advice is not for most people. He NEVER tries to portray himself as supreme authority on anything other than his own life, which is attractive. He's always like "what I would do" or "what I did" "the way I see it" To me it's blah blah blah".
2:55 "Success without fulfillment is failure." Tony Robbins
What a wonderful video, thank you SO much.
Some of your best work Alex - genuine acknowledgement of the standing on great shoulders
WOW!! Thank you! RIP Charlie!
the calm pace is waaay more beautiful and focus optimized than the action-thrilling way.
This was really nice, Alex. Great job.
He was also a huge influence in my life, Alex, and I see you carrying the torch in so many ways. Thanks for the video
Great video, thanks Alex. I never tought about the inverting method that deeply
Loving the wisdom you bring
Rest in peace. One of the greats for sure, and the last one is definitely the one that hits the most for me. Living a life well lived, for 100 years, now that's the dream life.
Great video. Really touching intro.
One of my favorite Munger-ism is that he would love to see EBITA relaced with "Bull Sh***" on every financial statment... Love it...
"For wisdom is more precious than rubies, and nothing you desire can compare with her." Proverbs 8:11
Thanks for sharing
I majored in math. We have a technique of proofs called "by contrapositive".
Basically, "If A, then B" is equivalent to "If not B, then not A". Let A="I destroy my business" and B="the things I do".
If I do things "not B", the collection of behaviors opposite B, then I do the opposite of destroy my business.
QED, checks out.
Thank you for Charlies lessons. Love the new video style
One of your best videos, friend.
Fantastic video! He was authentic to who he truly was. Most of us NEVER get there. That's the real key to greatness in my opinion.
Amazing video, one of my favorites from your channel!
Charlie Munger was probably the smartest person alive in our lifetime. He did so many difficult things at scale and made it seem easy to understand. We are super lucky to be alive in the era that we are as many of this man's talks are easily available to see on UA-cam.