This shared link is not behind a paywall now - its a long read, 20 pages converted to a google doc.
[url]ttps://www.wsj.com/articles/charlie-munger-unp ... mail_share[/url]
One of my favorites -
It goes on...Q: Is being in the public eye partly an act?
A: My favorite quotation of all life comes from acting. Late in life, Sir Cedric Hardwicke, who I always liked, an old English actor, he said the following: “I have been a great actor for so long that I no longer know what I truly think on any subject.” [Editor’s note: QuoteInvestigator.com, a website that verifies quotations, wasn’t able to verify the origins of this line.] And I think when you pretend to believe this or that all the time, it’s so habit-forming to your mind that you do get confused about what in the hell you really know.
I think he was speaking the literal truth. That’s what happens to our politicians and some of our business figures too. If you read the annual reports and the statements, say on CNBC, of our CEOs, it’s always robust, they’re solving all the problems, they’ve got great people. You know it has to be horseshit half the time, yet I think every one of them believes it. They’re like Sir Cedric Hardwicke: “I no longer know what I truly think on any subject.” They brainwash themselves. I don’t do that.
If I have to be a little bit more cheerful about things, then I say to myself, ‘I’m lying, but I’m going to do it anyway.’ [Pause.] I had a son [Teddy] who died [of leukemia in 1955]. I told him he wasn’t going to die. When he started his thing, I lied. It just killed me, but I just lied to him. [Long pause.] He was 9 years old. [Extended pause.] I’m sure I did the right thing, but it hurts. [Clears his throat.]
But Sir Cedric Hardwicke, he diagnoses it correctly. People—when you’re shouting it out, you’re pounding it in. That’s the great rule of life. And that means it’s dangerous to shout things out to impress other people.
It’ll be much better if you say, ‘Here’s a lie I’m going to tell,’ the way I did with my son, ‘Here’s a lie I’m going to tell, because I have to.’
Enjoy - Evelyn