reliability-and-trust

Chapter 4 of 'The New Enlightenment' presents eleven of Charlie Munger's notable talks, focusing primarily on a 1986 Harvard School commencement speech where Munger uses inversion to advise graduates on how to guarantee misery rather than happiness. He expands on comedian Johnny Carson's prescriptions for misery—chemical abuse, envy, and resentment—and adds his own, including unreliability and failure to learn from others' experiences. The chapter intertwines Munger's wit, personal anecdotes, and historical references to illustrate the consequences of these negative behaviors.