Charles Munger

And some of you are going out into a bad market. My attitude toward that is very simple. I think you should all just say so what. There are good tides and there are bad tides. I have a long way to go and we know from the example of other people that if you constantly stand well by your own generation and cope with competency and grace with whatever life deals you and just keep doing it, your share of honors and emoluments of the civilization in due time are very likely to come.

If you deserve the emoluments and of course that's the other advice. The best way to get what you want in life is to deserve what you want. How could it be otherwise. It's not crazy enough so that the world is looking for a lot of undeserving people to reward.

Generally speaking, there are two things I found in my long life when you never do. One is never feel sorry for yourself. If you child is dying of cancer, don't feel sorry for yourself. Never ever feel sorry for yourself. The other thing you never want to have is Envy. That is the only one of the deadly sins your're never going to have any fun at all. Pick one of the others.