But Buffett once said, "I often make mistakes in investing, and Munger always points out my mistakes." "Benjamin Graham once taught me to buy only cheap stocks, and Charlie made me change my mind. This is Charlie's real influence on me. "
Buffett and Charles Munger met and admired each other when they were young, and together they created the investment miracle of Berkshire Hathaway! Munger's worth is not high, only 65.438+08 billion, but this does not prevent everyone from acknowledging Munger's great help to Buffett.
Why did Munger succeed and gain recognition from so many people? Because he has a set of ideas to deal with problems by himself, which is also the reason for his success.
Charles Munger mentioned a very important point in Poor Charlie: reverse thinking is always reverse thinking.
Why is it important to think in reverse?
On the other hand, it can make it easier for us to solve problems.
It is with this idea that Charlie keeps studying famous failure cases of various tasks and enterprises, sorting out the reasons for those failures into a list of correct decisions, so that he has hardly made major decision-making mistakes in his life and career.
I believe everyone has used self-adhesive sticky notes. Spencer invented the formula of self-adhesive at first, but he wanted to develop the strongest glue, because he thought it was an unsuccessful invention and he gave it up. But a few years later, Frey successfully developed a self-adhesive post-it note with his own invention, which can be attached to various places at will and torn off when it is not needed. From 65438 to 0980, products are sold all over the world and become an indispensable tool in work.
When solving problems, there may not be a suitable way to think according to the original thinking, but if you can "think backwards", maybe bad things can become good things, and you can find new ways to make discoveries and achievements in places that others have not found.
So how can we do "reverse thinking"?
First, in the face of interests, think backwards.
When you see an opportunity to make money, how do you judge it? Do you want to seize this opportunity?
Buffett has a saying: I am afraid when others are greedy, and I am greedy when others are afraid.
1929, the oil tycoon Rockefeller went to shine shoes, and the child said to him: Sir, it is absolutely not a loss to buy a gub. Rockefeller was so surprised that even children knew about stocks. Back to the company, Rockefeller immediately ordered the clearance of all stocks. Sure enough, not long after, the stock market crashed, and many people were unable to move, but Rockefeller saved his strength.
You see, cattle people have a certain degree of reverse thinking and will think backwards.
So what do you think when facing the interests?
Step one, stay calm. When many people see the benefits, they tend to get hot-headed and impulsively start throwing money. As a result, after a while, I calmed down and regretted it.
Therefore, in the face of interests, let yourself calm down first, so that you can analyze the problem by yourself.
The second step is to analyze it from other angles. Why do many people see that interests are easy to lose their minds? Because they saw short-term benefits and thought they were going to make money. But why not try to think about the risks of this project? Is your investment appropriate in the long run? While seeing the benefits, we should also see the crisis behind it and let ourselves make appropriate decisions.
Second, face the problem and think backwards.
Someone asked Charlie: How can I find a good spouse?
I believe that many people's answers are to teach you how to chase girls, how to be romantic, how to give gifts, and how to care about girls all the time in order to impress girls' hearts.
But Munger's answer is different. His answer is: the best way is to make yourself worthy of her/him.
Many people think about how to chase after this problem, but they all think from their own point of view, not the other way around. Munger can think about it from the other side's point of view.
Why don't girls want you? Many people don't know the opposite, the result is a waste of money, and finally single dog.
So what should we do when facing the problem?
I think the most important thing is to find the essence of the problem.
Think positively, think negatively, and sum up the two ideas, and you may get a correct and complete answer. When solving a problem, the most taboo thing is to tell the truth, and not to go deep into the bottom to analyze the problem. In this case, the fundamental problem will never be solved.
Third, in the face of shortcomings, reverse thinking.
Disadvantages, can it really work? Can't shortcomings become advantages?
Let's tell you a little story here. After Obama became president, Obama's neighbors were very upset because there were too many agents, bodyguards and media around him. He wanted to sell the house, but no one bought it, because it would affect his normal life and even expose his privacy.
However, a businessman bought a house and turned it into a kindergarten. The reason for the publicity is that the security here is the safest, and it enjoys the highest standard of protection in the United States 24 hours and 365 days.
A high standard of security is a disadvantage for ordinary people, but it is the best protection for children. As soon as this kindergarten opens, it will be full, and it will have to be screened at different levels. During the winter and summer vacations, it is also used for international summer camp training. Because Obama's house often appears on TV, the wall of this house has also become a billboard.
Thinking changes, the market is broad.
Many people cling to this shortcoming when they see it, and want to avoid this problem without thinking about how to solve it, or even using it to turn it into an advantage.
What should we do in the face of shortcomings?
The first step is to face up to shortcomings. Many people are actually afraid of difficulties and dare not face shortcomings. This is human nature. However, if we want to solve the problem, we must dare to face the shortcomings.
The second step is to transform the shortcomings, and whether the shortcomings can be transformed, which requires thinking from the other side's point of view, whether his shortcomings can also become advantages, so as to find a new way out.
Write it at the end
Why is there a gap between people? Because of different ways of thinking, everyone is different when making decisions, and the gap is gradually widening.
When most people know that what you think is right, you may get more ideas and opportunities if you can think backwards.