In 1986, Munger said in his Harvard graduation speech something like:

Control addictive, jealous, and resentful emotions.

Be as reliable as possible—do what you say you’ll do. This alone is enough to rewrite your life.

Learn from others’ mistakes; don’t step into every pitfall yourself.

Don’t just lie flat at the first sign of trouble.

Learn to think backward, dare to overturn your old beliefs, and try to stay somewhat clear-headed and objective.

In the long journey of life, don’t always aim too high. Take one small, steady step forward each day, and you’ll slowly reach great heights.