進入2023年，查理·芒格也迎來了屬于他的99歲生日。

出生于1924年1月1日的芒格，帶給了我們無限的啟迪。他的智慧，不僅關于投資，也關于人生，關于自我精進。

若想更好地理解芒格的投資精髓與人生哲學，甚至從境界上更為接近芒格，“品讀芒格”或許是一種最為直接有效的方式。

翻開芒格箴言錄，你便會發現，這位當今世界最偉大的投資思想家所擁有的天才智慧，在字里行間的每一個角落靜靜地流淌著。

1.

盲從

隨大流只會讓你更靠近平均值。

Mimicking the herd invites regression to the mean.

2.

快錢

渴望一夜暴富是相當危險的。

The desire to get rich fast is pretty dangerous.

3.

河水淹死會水人

盡量別犯愚蠢的錯誤，而不是盡量表現得很聰明，擁有長期優勢的投資者正是憑借這點獲得了難以想象的收益。正如古訓所說：“河水淹死會水人。”

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.”

4.

智慧

承認無知是智慧的開始。

Acknowledging what you don’t know is the dawning of wisdom.

5.

別做傻事

人們都試圖變得精明，而我只想證明自己并不是在做傻事，但這比許多人想象的要困難得多。

People are trying to be smart—all I am trying to do is not to be idiotic, but it’s harder than most people think.

6.

打破思維枷鎖

使用定量的手段可以找到劃算的買賣。一旦我們跨越思維枷鎖，重新意識到可能會讓格雷厄姆感到震驚的這一點，那么我們就能開始思考更好的投資機會了。

Once we’d gotten over the hurdle of recognizing that a thing could be a bargain based on quantitative measures that would have horrified Graham, we started thinking about better businesses.

7.

靜心

靜心等待將幫助你成為一名投資者，然而大多數人都處于迫不及待的狀態。

It’s waiting that helps you as an investor, and a lot of people just can’t stand to wait.

8.

耐得住寂寞

“你必須要非常有耐心，你必須要等待，直到某件事出現，你才會發現自己所付出的代價是值得的。”這句話是違反人性的，誰也沒辦法整天坐在那里無所事事，只是等待而已。可是這對我們來說很容易，因為我們還有很多其他事情要做。不過，對于一個普通人來說，你能想象他干坐了 5 年而什么也不做嗎？你覺得自己不夠積極進取，也沒有價值可言，更覺得自己做了一件愚蠢的事情。

You have to be very patient, you have to wait until something comes along, which, at the price you’re paying, is easy. That’s contrary to human nature, just to sit there all day long doing nothing, waiting. It’s easy for us, we have a lot of other things to do. But for an ordinary person, can you imagine just sitting for five years doing nothing? You don’t feel active, you don’t feel useful, so you do something stupid.

9.

總體規劃

在伯克希爾哈撒韋公司，我們從來不會有總體規劃。任何想要做總體規劃的人都會被解雇。因為總體規劃考慮的只是制定過去的情況，而不會考慮新的現實情況。我們希望員工能夠關注新信息。

At Berkshire there has never been a master plan. Anyone who wanted to do it, we fired because it takes on a life of its own and doesn’t cover new reality. We want people taking into account new information.

10.

財富的來源

韓國的汽車業務是從一無所有起步的。在超過 10 年的時間里，韓國人每周工作 84 小時，這還不包括加班。與此同時，每個韓國小孩從學校回家后都要與家教一起從下午到晚上學習整整 4 個小時。當你輸給這樣一群人時，你還會感到驚訝嗎？除非你是一個傻子。

Koreans came up from nothing in the auto business. They worked 84 hours a week with no overtime for more than a decade. At the same time every Korean child came home from grade school, and worked with a tutor for four full hours in the afternoon and the evening, driven by these Tiger Moms. Are you surprised when you lose to people like that? Only if you’re a total idiot.

11.

推翻最中意的想法

在過去的任何一年，如果你一次都沒有推翻過自己最中意的想法，那么這一年就算浪費了。

Any year that passes in which you don’t destroy one of your best loved ideas is a wasted year.

12.

每天進步一點點

每天結束時，努力使自己比早上起床時更加睿智一些。忠誠且出色地履行自己的職責，每天進步一點點。最終，如果足夠長壽，大多數人都會獲取應得的回報。

Spend each day trying to be a little wiser than you were when you woke up. Discharge your duties faithfully and well. Slug it out one inch at a time, day by day. At the end of the day—if you live long enough—most people get what they deserve.

13.

樹立正確的目標

加州理工學院的大部分畢業生都進入了金融行業......他們忽悠那些不如自己聰明的客戶，從中掙了很多錢，這是錯誤的。最優秀的人才投身聚斂錢財的行當，我認為這是一種損失。

A big percentage of Caltech grads are going into finance....They’ll make a lot of money by clobbering customers who aren’t as smart as them. It’s a mistake. I look at this in terms of losses from the diversion of our best talent going into some money-grubbing exercise.

14.

壓力

隨著年齡的增長，我變得越來越富有經驗。我好像這樣一個人：他從摩天大樓往下跳，在下降到第五層樓的時候說：“到目前為止，這是一段不錯的旅程。”

I’m getting more experienced at aging. I’m like the man who jumped off the skyscraper and at the 5th floor on the way down says, “So far this is not a bad ride.”

15.

職業

職業生涯的三條規則：1. 不要銷售你自己都不愿意買的東西；2.不要為你不尊重和不欣賞的人工作；3. 只和你喜歡的人一起工作。

Three rules for a career: 1. Don’t sell anything you wouldn’t buy yourself; 2. Don’t work for anyone you don’t respect and admire; 3. Work only with people you enjoy.

（注：以上內容摘自《查理·芒格的投資思想》）

原標題：《99歲生日快樂！查理·芒格的15個人生關鍵詞》

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