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Tuesday, August 12, 2025

A Philosophy for a Lengthy, Completely satisfied, Wealthy Life



As Warren Buffett turned 94 the day earlier than yesterday, I discovered myself reflecting on his extraordinary life and that of his late accomplice, Charlie Munger, who handed away at 99 final yr.

Their longevity is spectacular sufficient, however what actually stands out is the standard of these years – the readability of thought, the continued ardour for his or her work, and the seemingly unshakeable contentment they exuded.

So, what’s their secret?

Their food regimen? With Coke, chips, burgers, candies, and ice lotions, by no means! Not by far!

Their train routine? Effectively, Warren has mentioned, “Charlie Munger has by no means achieved a day of train in his life after his time within the military.” You get the purpose.

Their wealth? Cash can not purchase us time, not less than not a lot time.

Anyway, the extra I take into consideration the secrets and techniques of their longevity – aside from all the explanations that Charlie supplied just a few years again –

  1. Not having a variety of envy,
  2. Not having a variety of resentment,
  3. Not overspending their earnings,
  4. Keep cheerful despite their troubles,
  5. Coping with dependable individuals, and
  6. Doing what they have been purported to do.

…I imagine the core of their longevity and happiness lies in a philosophy of ‘acceptance’ and ‘letting go’ (which, in a approach, goes with the fourth level above).

Warren and Charlie by no means appeared to complain about how life handled them, even when confronted with setbacks that will have embittered many others. They understood, at a deep stage, that life is inherently unfair, that it throws curveballs at everybody, and that true knowledge lies not in railing in opposition to this actuality however in accepting it and shifting ahead.

In an interview he gave for the ‘Changing into Warren Buffett’ documentary on HBO in 2017, Charlie mentioned this –

Some individuals simply naturally complain and different individuals simply naturally put their head down and soldier via it. Warren and I imagine in simply soldiering via it with out an excessive amount of fuss. I’ve the speculation that the dumbest factor you may ever do in life is to really feel like a sufferer. Any politician that makes individuals really feel like victims, I robotically dislike. I by no means noticed any good come [from] feeling like a sufferer. Even if you’re a sufferer, I feel it’s a mistake.

You will need to perceive right here that this philosophy of ‘by no means complaining’ is just not about passive resignation, however an energetic, aware selection to just accept what can’t be modified and to focus your power on what will be influenced.

Ralph Waldo Emerson wrote in his essay ‘Self-Reliance’ –

These roses underneath my window make no reference to former roses or to higher ones; they’re for what they’re; they exist with God to-day. There isn’t any time to them. There’s merely the rose; it’s good in each second of its existence. Earlier than a leaf-bud has burst, its complete life acts; within the full-blown flower there is no such thing as a extra; within the leafless root there is no such thing as a much less. Its nature is happy, and it satisfies nature, in all moments alike.

However man postpones or remembers; he doesn’t reside within the current, however with reverted eye laments the previous, or, heedless of the riches that encompass him, stands on tiptoe to foresee the long run. He can’t be pleased and powerful till he too lives with nature within the current, above time.

Emerson’s roses, good in each second of their existence, make no reference to the previous or future. They merely are. That is the state of acceptance – letting come what comes and go what goes – that Warren and Charlie appeared to have embodied.

When Berkshire Hathaway confronted its worst years, or after they confronted private tragedies, slightly than being consumed by these hardships, they accepted them as a part of life’s journey and moved ahead.

Now, this isn’t a simple technique to reside, and doubtless that’s the reason not so many people can think about reaching nearly 100 years of age feeling pleased and internally wealthy, whereas additionally sustaining our senses.

As I write this, I’m aware of how usually I fail to keep up such acceptance in my very own life. I complain about site visitors, concerning the climate, concerning the inventory market, a couple of thousand little issues that, within the grand scheme of issues, do not likely matter. I get caught up in “what ifs” and “if onlys,” wasting your psychological power on issues I can not change.

But, I’m always impressed by the instance set by Warren and Charlie to strive tougher, to domesticate this acceptance in my very own life.

I’ve additionally discovered that this philosophy of acceptance doesn’t imply we should always by no means try for change or enchancment. In reality, removed from it. Warren and Charlie have been always studying, rising, and searching for to make optimistic modifications on the earth. However they did so from a basis of acceptance – accepting themselves, accepting the realities of the world, and accepting that not every little thing would at all times go their approach.

As I take into consideration Warren at 94 and Charlie’s legacy at 99, I’m struck by the standard of their lengthy lives. It isn’t simply concerning the years they’ve gathered, however concerning the knowledge, the contentment, and the optimistic affect they’ve had over these years.

For me, personally, their philosophy of acceptance and letting go is sort of a highly effective antidote to the stresses and strains of contemporary life.

Positive, the world usually feels chaotic and unpredictable. Positive, change is the one fixed. However amidst all this, the power to just accept what is, whereas working in direction of what might be, is invaluable.

Right here’s to you, Warren, in your ninety fifth birthday. And to you, Charlie, wherever you’re. Thanks for the teachings in acceptance, in resilience, and in residing a lifetime of that means and contentment.

Could all of us try to face life’s challenges with such grace and knowledge, accepting what comes our approach and letting go of what we can not change. If we will accomplish that, we would simply discover the important thing to a protracted, pleased, and actually wealthy life. And in any case life’s not lengthy, it can definitely be pleased and actually wealthy.


The Sketchbook of Knowledge: A Hand-Crafted Handbook on the Pursuit of Wealth and Good Life.

It is a masterpiece.

Morgan Housel, Creator, The Psychology of Cash


Notes to Myself

Life is just not at all times about large moments. Discover pleasure in making your mattress, within the first sip of espresso, in a stranger’s smile. These small, on a regular basis experiences are the threads that weave a ravishing life.

***

You don’t at all times should be the hero of each story. Typically, being a form supporting character in another person’s journey is simply as fulfilling. Your small act of kindness could be the plot twist in another person’s life.

***

As an alternative of souvenirs, acquire reminiscences of gorgeous moments. Watch extra sunsets, hearken to extra fowl songs, really feel extra raindrops in your pores and skin. These experiences price nothing however enrich your life immeasurably.


Ebook Suggestion

Dale Carnegie’s The best way to Cease Worrying and Begin Dwelling is a timeless gem that I discover myself returning to each time life’s anxieties begin to overwhelm me. What units this ebook aside is its sensible strategy to coping with fear, providing concrete methods which can be as related in the present day as they have been when the ebook was first revealed in 1948.

What conjures up me most about this ebook is its skill to remodel summary ideas into actionable steps, serving to readers break the cycle of fear and reside extra fulfilling lives. Carnegie’s writing is conversational but profound, making advanced psychological ideas accessible to everybody.

The ebook is crammed with real-life examples and tales that illustrate the facility of fixing one’s perspective and taking proactive steps to handle issues. These anecdotes not solely make the ebook participating but additionally present a way of companionship in our struggles with fear.

One passage that significantly resonates with me is –

…the absolute best technique to put together for tomorrow is to pay attention with all of your intelligence, all of your enthusiasm, on doing in the present day’s work fantastically in the present day. That’s the solely doable approach you may put together for the
future.

Sir William Osier urged the scholars at Yale to start the day with Christ’s prayer: “Give us this present day our every day bread.” Do not forget that that prayer asks just for in the present day’s bread. It doesn’t complain concerning the stale bread we needed to eat yesterday; and it doesn’t say: “Oh, God, it has been fairly dry out within the wheat belt recently and we might have one other drought-and then how will I get bread to eat subsequent autumn-or suppose I lose my job-oh, God, how may I get bread then?”

No, this prayer teaches us to ask for in the present day’s bread solely. As we speak’s bread is the one form of bread you may probably eat.

Years in the past, a penniless thinker was wandering via a stony nation the place the individuals had a tough time making a residing. Someday a crowd gathered about him on a hill, and he gave what might be the most-quoted speech ever delivered anyplace at any time. This speech comprises twenty-six phrases which have gone ringing down throughout the centuries: “Take subsequently no thought for the morrow; for the morrow shall take thought for the issues of itself. Adequate unto the day is the evil thereof.”

This timeless knowledge is all about ‘the facility of now.’ The idea of ‘every day bread’ isn’t just about sustenance, however an important metaphor for residing absolutely within the current.

Carnegie’s recommendation all through the ebook, via the a number of tales he shares, is that if we focus our power on in the present day’s duties and challenges, we not solely enhance our effectiveness but additionally free ourselves from the burden of pointless fear. After all, this strategy doesn’t negate planning, but it surely enriches our future by benefiting from our current.

If you end up caught in cycles of fear and are on the lookout for sensible methods to interrupt free, give The best way to Cease Worrying and Begin Dwelling a strive. It’d simply change your life, because it has mine.


Quotes I’m Reflecting On

Essentially the most elementary aggression to ourselves, probably the most elementary hurt we will do to ourselves, is to stay ignorant by not having the braveness and the respect to have a look at ourselves actually and gently.

– Pema Chödrön

***

The aim of life is to reside it, to style expertise to the utmost, to succeed in out eagerly and with out concern for newer and richer expertise.

– Eleanor Roosevelt

***

Life shouldn’t be a journey to the grave with the intention of arriving safely in a fairly and properly preserved physique, however slightly to skid in broadside in a cloud of smoke, completely used up, completely worn out, and loudly proclaiming ‘Wow! What a Journey!’

– Hunter S. Thompson


That’s all from me for in the present day.

Let me know your ideas on this concern of The Almanack of Good Life publication, and methods I can enhance it. Additionally, in case you have concepts or sources you assume I can share in future letters, please e-mail them to me at vishal[at]safalniveshak[dot]com.

If you realize somebody who might profit from in the present day’s put up, please share it with them.

In case you are new right here, please be part of my free publication – The Journal of Investing Knowledge – the place I share the very best concepts on cash and investing, behavioral finance, and enterprise evaluation that can assist you safe your monetary independence so you may reside the life you deserve.

Additionally try –

Thanks to your time and a spotlight.

~ Vishal

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