Correction: One of Charlie Munger's earliest jobs was as a weather forecaster, not as an Air Traffic Controller as mentioned in the reminder.
Auto-generated transcript:
In the name of Allah, the Most Gracious, the Most Merciful.
All praise is due to Allah, the Lord of the worlds, and peace and blessings be upon the honour of the prophets and messengers.
Muhammad is the Messenger of Allah, peace and blessings be upon him, and upon his family and companions, and he is the most obedient and the most generous.
Humbabadu, I am going to ask you a question and you have to answer.
Today is going to be an interactive thing, so I need you to answer.
My question is, what do you need to do to be a total failure in your life?
Completely failed. Seriously. Tell me. I need to know from you.
Total failure. You want a complete failure. What do you need to do?
Ya bukkun hafa? Not praying. Give me a hand.
Hamdila. Very good. Excellent. What else?
Seriously.
Complete, total failure.
Akhil bhai. Disobey everything.
Disobey everything. No, no, no. Seriously. Tell me.
Total failure. Follow Shaitan.
Follow Shaitan. Yes. Now what else?
No, business. If you want to completely sink your business, totally gone.
What do you need to do? Tell me. Seriously. I am asking you a serious question.
Complete failure in your business, in your studies.
Complete failure. Yes.
Lying to your parents.
Yes. Lying to your parents.
Lying to your parents. See, this guy is brilliant. MashaAllah.
Ma'aHmood. MashaAllah. Ali, what do you do to completely fail?
Total failure.
Total failure.
No goals.
No goals. Fantastic. Now that's talking. What is complete failure?
Complete failure.
Complete failure.
Complete failure.
Stay comfortable.
Stay comfortable. Fantastic. Hamza. Yeah, Hamza. Total failure.
Okay, while you think, yes. This guy here, what's your name?
Ayub.
Ayub.
Ayub.
Disrespecting family. What else?
Farhan bhai.
Farhan bhai.
Not being punctual.
Not being punctual. All right. So I'm going to expand a little bit more, which is?
Not keeping to your word, right? Punctuality is that. You're supposed to be there. Okay. All right. What else?
Don't do what's in your control.
Don't?
Do what's in your control.
Do not do what's in your control. Fantastic. Yes, Ma'aHmood.
Don't lie to your parents.
Don't lie to your parents. You know, I'm asking this question. It's not a dumb question. I'm teaching you a tool.
I'm teaching you a tool. If you apply this tool, you will be the most successful person on earth.
Okay.
What's the tool?
The tool is list and write down how can you be the biggest failure? Seriously.
Biggest failure.
Right? This is not even my own. This is what Charlie Munger used to do.
Charlie Munger died at the age of almost 100 a couple of months ago.
He was Warren Buffett's advisor and also business partner with a billionaire many times over.
And a very, very wise man. Allah Subhanahu wa ta'ala gave him good health all right till the end.
So there are interviews of him in his 99th year plus plus.
He had a principle and his principle was invert, invert, invert.
So they asked him what is the meaning of invert?
He said whatever you need to do, think of the opposite of that.
He said he started his career as a in an airport, small airport.
He was an airport traveler.
He started his career as a military pilot, as a, as a military pilot.
He started his career as a military pilot.
So he qualified to be a traffic controller.
So he qualified as an air traffic controller.
So he qualified as an air traffic controller.
He started that.
So he said, I sat down and I said, how can I be, how can I completely fail as an air traffic controller?
Which means that when I'm controlling the traffic, planes are crashing, people are dying.
There's planes are burning down.
plane that comes into this airspace which I'm controlling collides and crashes.
How can I make that happen?
He said, I made a list of things.
And then I did the opposite of that.
Right?