Amidst a war, death and destruction was an officer. A 19-year-old college dropout, who had not planned his life beyond time. Days passed, the war stopped and so came a question in his mind - “What’s next?”. After serving in the U.S. Army Air Corps, for approximately three years, Charlie was out with no job and no degree to support his wife and three children! Unusual to the conventional ideas of education, Charlie enrolled for advanced graduate courses in Caltech, skipping to complete his undergraduate degree. Further, he used his undergraduate course skills and got admitted into the Harvard Law School, where he graduated ‘Magna cum Laude’ (top distinction). Revisiting his days in the army, Charlie recalled when he used to play cards, sitting alongside the bonfire, giggling. His knowledge in the game of cards was unbeatable, which motivated him to walk towards a larger game of life - The Stock Market.
At 29, Charlie had still not established his name, neither was he in a state of total control. As the days passed, his life put forth more challenges for him. Nancy, with whom Charlie had grown his family, was now planning to part ways. Disheartened and broken, the divorce ended in Charlie’s near bankruptcy. But what Charlie had in his mind was a persistent belief in survival without complaints.
Out of job, divorced, losing his own son at the mere age of 9, he endured every challenge. He walked past the days - where he would self-pity on his conditions, and stood firmly with a belief of ‘Newer, Better Tomorrow’. And he was right…
Charlie, after a hideous roadblock, steadily grew to become a stable man. He remarried in 1956 with Nancy Borthwick, and became the head of a family serving 8 children! These days, Charlie tried his hands at many businesses such as establishing an investment hedge fund business, a real estate law firm, being an investment advisor, and so on. But things changed in 1956 when Charlie shook hands with his future business partner - Warren Buffett. His value investing formula changed the course of time and established Berkshire Hathaway as the most valued company to invest in, thanks to Buffett and Munger’s honest business ethics and principles. By the time Munger turned 50, he was already a millionaire. At 97 today, Munger’s net worth is close to $ 2.2 Billion. His life is the same as any American Movie Drama. An honest man working hard, fighting odd challenges of life to become the Man he always dreamt to be! But was it just the dream that helped Munger achieve this success? No...it was his principles, persistence, confidence and the strength to become a man from a no man.
This takes us to learn the most profitable lessons of life -
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