Notes from Charlie Munger’s 2007 Commencement Speech at USC Law

Charlie Munger said, “Safest way to get what you want is to deserve what you want. Deliver to the world what you would buy if you were on the other end” in a commencement address to the USC Law School in 2007. A copy of full transcript is here. The “Cliff notes” of that speech was posted by some kind soul and I am reproducing them with gratitude (but without permission.) Continue reading

Charlie Munger’s Address: Deserved Trust

Charlie Munger delivered the 2007 Law School Commencement address at the University of Southern California on May 13th. Munger is a guru in the original sense of the Sanskrit word, a person who conveys wisdom. He begins the talk with “Safest way to get what you want is to deserve what you want.” The transcript of the talk is worth reading very very slowly. Take this line near the end, “The highest form a civilization can reach is a seamless web of deserved trust.”

There are too many lines that need highlighting. So I will just post the entire transcript below.
Continue reading