Brothers, this is Charlie Munger's investment aphorism and the summarized wisdom of his life.

"Fate helps those with affinity," knowledge is right here, learning or not learning is your own destiny, talking more is of little benefit.

I'll excerpt some for you to take freely.

1: Whenever something is destroying your life, that thing is yourself. Constantly feeling like a victim is the sharpest weapon that weakens you.

2: If you can stay calm, when those around you go crazy, you'll find that time is your friend.

3: Knowing what you don't know is more important than being smart.

4: Someone who can't learn from others' experience is destined to stumble all their life.

5: Talk more about your failures, boast less about your successes; it's better for you.

6: Everyone's subconscious harbors biases: giving advice to others is perceived as caring for them, but actually it's based on self-interest.

7: The first rule of fishing is to fish where there are fish; the second rule is to remember the first.

8: Don't spend time feeling betrayed by human nature; instead, spend time adjusting and adapting, transforming from victim to survivor.

9: Remember, reputation and integrity are your most valuable assets, and you may lose them overnight.

10: Jealousy, resentment, self-pity are the graves of thought. Self-pity can easily turn into delusion, and delusion is a black hole for the mind.

11: Stay away from people who can answer questions they don't understand with great confidence.

12: Parents setting good examples for their children is better than anything else. Lectures are useless and often unheard.

13: When you tell others something, always explain the reasons; they will understand you more deeply, value your words more, and be more inclined to listen, even if they don't understand the reasons.

14: Since my youth, I’ve adopted this attitude: if the teacher doesn't teach well, it’s okay, I’ll learn myself.

15: Don't have unrealistic fantasies; successful people know how to lower their expectations.

16: To succeed in life, just do two things: avoid foolishness and live long.

17: Some people naturally make wise judgments, while others repeat mistakes over and over.

18: If you're unprincipled on small matters, you won't stick to principles on big matters.

19: Never wrestle with a pig; if you do, both of you will get dirty, but the pig will enjoy it.

20: Face your big problems directly, don’t hide them away.

21: You must be worthy of your ambitions; the world isn't crazy enough to reward a large group of unworthy people.

22: To persuade others, appeal to interests, not reason.

23: Change is always happening; if you don't embrace progressive change, you'll be waiting for regressive change.

24: Once you fall into the vicious cycle of debt, it’s hard to get out. Never owe money on credit cards. You can't make progress paying 18% interest.

25: Bankruptcy has three ways: alcohol, women, and leverage.

26: How to find a great spouse? The best way is to make yourself worthy of her because great spouses aren't fools.

27: There’s no easy secret to earning money. Be involved in city politics, wake up early, study daily, practice delayed gratification for a lifetime, and you will be a winner in life.

28: Human society can only develop after inventing methods of invention. Similarly, you can only improve after learning how to learn.

29: You should stand on the shoulders of giants as much as possible, rather than imagining on your own.

30: All the wise people I know in my lifetime love reading. Buffett and I read so much that it might scare you. My kids mock me, saying I am like a book with two legs.

31: If you see clearly through this world, you'll find it becomes humorous due to its absurdity.

32: Greedily read, lifelong learning, stay curious, and daily increase wisdom.

33: Ability will take you to the peak, but only virtue can keep you there.

34: What's the secret to longevity and happiness? No jealousy, no complaints, avoid over-spending, stay optimistic in face of difficulties. Surround yourself with reliable friends, do what’s right. These are simple truths, old but true. Practicing them benefits a lifetime.

35: The best weapon for retirement is to live a fulfilling life before aging.

36: You must find where your talents lie. I can almost guarantee that if you have to gamble outside your ability, your career will become very bad.

37: Many people spin around like a gyroscope all day, too busy to love or think. Eventually, they will pay a heavy price. You must make time for thinking.

38: The most reliable way to get something is to make yourself worthy of it.

39: Smart people love reading extensively, but that’s not enough; you should also have a critical acceptance attitude. Most people don’t grasp the key points, and even after reading, they don’t apply what they learn.

40: People who seek quick achievements often easily go astray when facing adversity.

41: Don’t make any decisions under pressure.

42: The natural law is “you reap what you sow.” If you want ants, put sugar on the floor.

42: When we say someone has common sense, we mean they possess knowledge that ordinary people don't. People think having common sense is simple, but it’s actually hard. So, common sense is knowledge that ordinary people lack.

43: I’ve lived so long and well; one secret is: don't overestimate human nature.

44: Three principles for the workplace: 1. Don’t sell anything you wouldn’t buy; 2. Don’t work for people you don’t admire; 3. Work with like-minded people.

45: When thinking, consider what those above you see, and what those below you see.

46: If you have the talent for delayed gratification and can cultivate it, you are on the path to success and happiness.

47: I usually stay away from things others promote vigorously.

48: What you need is not a lot of action, but a lot of patience. Stick to principles, and when opportunities come, seize them vigorously.

49: History is the best teacher for the future. The answers in history books are priceless.

50: When confused, think the opposite; always think in reverse.

51: Even if you dislike reality, admit it. Actually, the less you like reality, the more you should accept it.

52: Imitating many people means approaching their average level.

53: People calculate too much and think too little.

54: The simplest way to avoid trouble is to keep things simple.

55: The most important thing isn't what cards you hold, but whether you can play your hand well.

56: You must understand all the important ideas of disciplines more knowledgeable than your own; only by mastering those basic knowledge and principles can you explain problems clearly. And always acknowledge which discipline your foundational knowledge comes from.

57: I believe that what cannot be changed should not be too entangled. Complaining and blaming heaven or earth are big taboos in life.

58: If you want to improve your cognitive ability, you must never forget past mistakes.

59: To a person holding a hammer, everything looks like a nail.

60: More money and fewer opportunities are better than less money and more opportunities.

61: To become smarter, keep asking why, why, why.

62: Good business is moral business; businesses relying on fraud will eventually be destroyed.

63: Prefer to appear foolish rather than blindly follow the herd.

64: Living happily is simple; the primary rule is low expectations. This is easy to do. If you have unrealistic expectations, your life will be painful.

65: Every day, strive to be a little smarter than when you woke up.

66: I have a view: if someone holds an opposing view, unless I can refute my own view better than others, I have no voice in that matter. Constantly practice this thinking—always testing, always questioning yourself—reduces ignorance.

67: The best thing a person can do is help another know more.

68: If within a year, you haven't changed your focus on some crucial ideas, that year has been wasted.

69: Life encounters all kinds of terrifying, frightening, and unfair setbacks. It's okay—some people get up, some don't.

70: Think through the problem thoroughly; half the problem is solved.

71: Most people are too impatient, worry too much. Success requires calmness and patience, but when opportunity arises, you must act decisively.

72: Beware of overly strong ideological beliefs. If your mind only has one thought, that’s very dangerous.

73: The natural law is that only 20% of people can achieve results better than the other 80%.

74: You don’t have to be outstanding; just stay a little smarter than others over a long, long time.

75: I find it very useful to make a list when facing difficult problems. List all issues clearly, consider them thoroughly, and avoid omissions.

76: If you want to play games that others are very good at but you are clueless about, you are destined to fail miserably.

77: Think simply, act carefully.

78: Making big money isn’t about buying and selling; it’s about waiting.

Let’s encourage each other!!