10 Commandments of Happy Life

Charlie T. Munger, Renowned Investor and Partner of Warren Buffett

1. Value of Time: Understand the value of time; use it wisely, plan for the long term, and avoid procrastination

2. Health is wealth: Health is the biggest asset and health crisis is the biggest crisis in life.

3. Be a Lifelong Learner: Always be curious and never stop learning, exploring various subjects beyond your immediate interests.

4. Diversify Your Knowledge: Expand your understanding across different fields; a multidisciplinary approach enriches your thinking and problem-solving skills.

5. Think Backward and Avoid Biases: Solve problems by looking at them in reverse(invert always invert), and be aware of your own biases to make more rational decisions.

6. Circle of competence: Identify your strengths, stick to what you understand well, and develop expertise in those areas.

7. Value Quality Over Quantity: Prioritize quality over quantity ie. focusing on a few meaningful things brings more success than trying to do too much

8. Practice Patience and Long-Term Thinking: : Embrace patience, delayed gratification, and consider the long-term consequences of your actions.

9. Stay Humble and Open Minded: Value humility, stay open-minded, and learn from others; acknowledge that there is always more to learn.

10. Avoid Envy and Embrace Integrity: Cultivate integrity, avoid envy, and appreciate the success of others without compromising your own values.

SAURABH GUPTA

DIRECTOR DHANVIDYA FOUNDATION