Showing posts with label Charlie Munger. Show all posts
Showing posts with label Charlie Munger. Show all posts

Wednesday, November 29, 2023

CHARLIE MUNGER: In 1953, Munger was 29 years old. Recently divorced. Lost the house. Huge social stigma of divorce back then.

My favorite Charlie Munger story: 

In 1953, Munger was 29 years old. 

Recently divorced. Lost the house. Huge social stigma of divorce back then. 

His 8-year-old son, Teddy, was diagnosed with cancer. 

The leukemia was incurable. 

No medical insurance - Munger paid for all his medical care.

Charlie would visit Teddy in the hospital every day -- and then walk the streets crying. 

Teddy died at the age of 9. Charlie was broke, divorced and just lost his child. 

99.9% of people would've turned to alcohol, drugs, or suicide. (And you'd understand why)

Munger never did. 

Fast forward to 52 years old, a failed surgery left him blind in one eye with the potential of going fully blind one day. 

Charlie was an obsessive learner who read every book he could get his hands on. 

When confronted with the possibility of going blind and no longer being able to read he said: 

"It's time for me to learn braille!" 

The only thing that might be more impressive than his intellect was his actions.  

RIP.