What will really fail in life? What do you want to avoid?

What will really fail in life? What do you want to avoid?

“Let me use a little inversion now. What will really fail in life? What do you want to avoid?

Such an easy answer: sloth and unreliability. If you’re unreliable it doesn’t matter what your virtues are. Doing what you have faithfully engaged to do should be an automatic part of your conduct. You want to avoid sloth and unreliability.”

Charlie Munger

Charlie Munger – USC Law School Commencement – May 13, 2007

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