Charlie Munger 7 of 12

Look around. Half of America’s problems could be solved if people stopped buying crap they don’t need, stopped dating lunatics, and stopped taking advice from idiots. But that requires discipline, and discipline is rare. So here’s the Munger prescription:

1. Don’t borrow what you can’t repay. (avoid debt)

2. Don’t create problems you don’t need. (avoid drama)

3. Don’t associate with fools. (avoid dumb people)

Do those three things and you’ll already be ahead of 90% of humanity, and you’ll have the peace of mind.