You Will Make Mistakes. Forgive Yourself. Move On. Start Rebuilding.

“His son died, his marriage ended, he lost a lot of money,” said Charles, Jr.  “He just walks away from that (emotionally).  Dad says to himself, that doesn’t work.  Don’t revisit it.  There are some things my dad could deal with better if he faced them more.  My dad, if he had a bad experience in a town, in a restaurant, he would not go back.  I’d try again.” – Page 45, Damn Right!  Behind the Scenes with Berkshire Hathaway Billionaire Charlie Munger by Janet Lowe

You will have failure in your life.  It is inevitable.  By the time he was in his 30′s, Charlie Munger had watched his eight year old son die of cancer, he had lost most of his money, and suffered a divorce at a time when there was a significant social stigma attached to it.

Today, not only does he boast a net worth of nearly $2 billion, more importantly, he has eight successful, independent grown children, countless grandchildren and great-grandchildren, and has had an immeasurable influence far beyond his own direct circle of friends that will certainly help build the civilization.  Heaven knows we are far more rational as a result of the system Munger introduced to us through his role in the Berkshire Hathaway shareholder meetings.  From the time we first grasped the concept, we have been collecting and categorizing mental models for use in our life and businesses.

Success isn’t the result of genius, but the by product of specific behavior. Never forget that.  If you do what is necessary to be successful, the fruits will begin to manifest in your own life.  The ride will be bumpy and there will be vicissitudes, but you can end up where you want.

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