๐ธ Look at this post on Facebook https://www.forbes.com/sites/kenrickcai/2023/11/27/pika-ai-video-generator-editor-series-a/?ss=ai&sh=416f356c421b
Forbes
Pika Launches AI Video Editing App And Announces $55 Million In Funding
Founded in April, the four-person startup is already valued by venture capitalists at more than $200 million.
RIP my legend and teacher, Charlie Munger.
Thank you so much.
Thank you so much.
Continuous Learning_Startup & Investment
1. Find a simple idea and take it seriously. 2. Good ideas are rare. When you find one bet heavily. 3. Humans have been writing down their best ideas for 5,000 years. Read them. 4. Avoiding stupid mistakes is more important than being smart. 5. โฆ
Note from poor Charlieโs Almanack.
Continuous Learning_Startup & Investment
๐ธ Look at this post on Facebook https://www.forbes.com/sites/kenrickcai/2023/11/27/pika-ai-video-generator-editor-series-a/?ss=ai&sh=416f356c421b
GeekNews
Adobe, ํ
์คํธ-ํฌ-๋น๋์ค AI ํ๋ซํผ Rephrase ์ธ์ | GeekNews
Rephrase๋ 2019๋
์ค๋ฆฝ๋์ด ์ฌ์ฉ์๊ฐ ๋ช ๋ถ ๋ง์ ๋์งํธ ์๋ฐํ๋ฅผ ์ด์ฉํ ์ ๋ฌธ์ ์ธ ๋น๋์ค๋ฅผ ์์ฑํ ์ ์๋ ํ๋ซํผ์ ์ ๊ณต์ฌ์ฉ์๋ ๋น๋์ค ํ
ํ๋ฆฟ, ์๋ฐํ, ๋ชฉ์๋ฆฌ๋ฅผ ์ ํํ๊ณ ํ์ํ ๋ด์ฉ์ ์ถ๊ฐํ์ฌ ๋น๋์ค๋ฅผ ์์ฑ ๊ฐ๋ฅRephrase๋ 50,000๋ช
์ด์์ ๊ณ ๊ฐ์ ํ๋ณดํ๊ณ , Red Ventures์ Lightspeed India ๋ฑ์ผ๋ก๋ถํฐ ๊ฑฐ์ $14๋ฐฑ
"I think a life properly lived is just learn, learn, learn all the time."
โ Charlie Munger
โ Charlie Munger
๋ฅ๋ง์ธ๋๊ฐ ๋จ๋ฐฑ์ง ๊ตฌ์กฐ์์ธก, ๊ธฐ์ ์์ธก์ ์ด์ด์ ๋ฌผ์ง ๊ตฌ์กฐ์์ธก์ ๋ด๋จ๋๋ฐ ์ด๊ฒ๋ ๊ทธ๋ํ ๋คํธ์ํฌ๋ฅผ ํ์ฉํ๋ค์.
Today at Google DeepMind weโre introducing Graph Networks for Materials Exploration (GNoME) - a computational tool that has already led to the discovery of 2.2 million new crystals. Crystals are essential materials to our everyday lives, from solar cells to computer chips.
Given that roughly 28,000 stable materials were discovered in the last decade, this new discovery is equivalent to nearly 800 years of knowledge!
#GNoME was trained using a technique called โactive learningโ and helps to predict the stability of the materials, and therefore pinpoint the most usable ones for real-world applications. The work also represents a leap forward in efficiency for this type of model - this could have a significant impact on how much compute is required to discover a new material.
We believe scaling up materials discovery breakthroughs like this could help us tackle some of the major challenges of the 21st century - like finding cleaner forms of producing electricity. Read in our blog post about what this research could mean for the future of materials science:
https://deepmind.google/discover/blog/millions-of-new-materials-discovered-with-deep-learning/
GNoME shows the potential of using AI to discover and develop new materials at scale. External researchers in labs around the world have independently created 736 of these new structures experimentally in concurrent work.
Today at Google DeepMind weโre introducing Graph Networks for Materials Exploration (GNoME) - a computational tool that has already led to the discovery of 2.2 million new crystals. Crystals are essential materials to our everyday lives, from solar cells to computer chips.
Given that roughly 28,000 stable materials were discovered in the last decade, this new discovery is equivalent to nearly 800 years of knowledge!
#GNoME was trained using a technique called โactive learningโ and helps to predict the stability of the materials, and therefore pinpoint the most usable ones for real-world applications. The work also represents a leap forward in efficiency for this type of model - this could have a significant impact on how much compute is required to discover a new material.
We believe scaling up materials discovery breakthroughs like this could help us tackle some of the major challenges of the 21st century - like finding cleaner forms of producing electricity. Read in our blog post about what this research could mean for the future of materials science:
https://deepmind.google/discover/blog/millions-of-new-materials-discovered-with-deep-learning/
GNoME shows the potential of using AI to discover and develop new materials at scale. External researchers in labs around the world have independently created 736 of these new structures experimentally in concurrent work.
Google DeepMind
Millions of new materials discovered with deep learning
We share the discovery of 2.2 million new crystals โ equivalent to nearly 800 yearsโ worth of knowledge. We introduce Graph Networks for Materials Exploration (GNoME), our new deep learning tool...
OpenAI ์ฝํ์ด๋์ธ Greg Brockman์ด ํธ์์ผ๋ก ์ฌ๋ ธ๋ ๋ด์ฉ.
"๋๋๊ฒ๋ GPT-4์์ ์์ฑ๋ ์์์ํ ๋ณด๊ณ ์ ์์ฝ์ด ์ด๋ค ๊ฒฝ์ฐ์๋ ์๋ จ๋ ์์์ํ ์ ๋ฌธ์๊ฐ ์์ฑํ ๋ณด๊ณ ์ ์์ฝ๋ณด๋ค ์ ํธ๋๋ค๋ ๊ฒ์ ๋ฐ๊ฒฌํ๋ค."
์ด์ฉ๋ฉด ์ฝ๊ฐ ์นจ์๋ด๋ํ๋ ๋ด์ฉ์ผ์๋ ์๋๋ฐ, ์ด์จ๋ MS์ ํจ๊ป EMNLP 2023์ ๋ฐํํ๋ ๋ ผ๋ฌธ์์ ๊ทธ๋ ๋ค๊ณ ํ๋ค์. arXiv์๋ 10์๋ง์ ๊ณต๊ฐํ๋ ๋ด์ฉ์ด๊ธฐ๋.... ์๋ง RSNA์ ๊ฐ์ ๋ถ๋ค์ด ๋ง์์ ์กฐ์ฉํ ๋์ด๊ฐ๋ ๋ฏ ์ถ๋ค์.
์ ๋ชฉ:
Exploring the Boundaries of GPT-4 in Radiology
์์ฝ:
์ต๊ทผ ์ผ๋ฐ ๋๋ฉ์ธ ๋๊ท๋ชจ ์ธ์ด ๋ชจ๋ธ(LLM)์ ์ฑ๊ณต์ผ๋ก ์์ฐ์ด ์ฒ๋ฆฌ ํจ๋ฌ๋ค์์ด ์ฌ๋ฌ ๋๋ฉ์ธ๊ณผ ์ ํ๋ฆฌ์ผ์ด์ ์ ๊ฑธ์ณ ํตํฉ๋ ๊ธฐ๋ฐ ๋ชจ๋ธ๋ก ํฌ๊ฒ ๋ณํํ์ต๋๋ค. ์ด ๋ฐฑ์์์๋ ์ง๊ธ๊น์ง ๊ฐ์ฅ ์ฑ๋ฅ์ด ๋ฐ์ด๋ LLM์ธ GPT-4์ ์ฑ๋ฅ์ ์์์ํ ๋ณด๊ณ ์์ ํ ์คํธ ๊ธฐ๋ฐ ์ ํ๋ฆฌ์ผ์ด์ ์์ ํ๊ฐํ์ฌ ์ต์ฒจ๋จ(SOTA) ์์์ํ ์ ์ฉ ๋ชจ๋ธ๊ณผ ๋น๊ตํ๋ ๋ฐ ์ค์ ์ ๋ก๋๋ค. ๋ค์ํ ํ๋กฌํํธ ์ ๋ต์ ํ์ํ๋ฉด์ ๋ค์ํ ๋ฒ์์ ์ผ๋ฐ์ ์ธ ๋ฐฉ์ฌ์ ์์ ์์ GPT-4๋ฅผ ํ๊ฐํ ๊ฒฐ๊ณผ, GPT-4๊ฐ ์ต์ SOTA ๋ฐฉ์ฌ์ ๋ชจ๋ธ๋ณด๋ค ์ฑ๋ฅ์ด ๋ฐ์ด๋๊ฑฐ๋ ๋๋ฑํ ์์ค์ธ ๊ฒ์ผ๋ก ๋ํ๋ฌ์ต๋๋ค. ์ ๋ก ์ท ํ๋กฌํํธ๋ฅผ ํตํด GPT-4๋ ์ด๋ฏธ ์๊ฐ์ ๋ฌธ์ฅ ์ ์ฌ์ฑ ๋ถ๋ฅ(์ ํ๋) ๋ฐ ์์ฐ์ด ์ถ๋ก (F1)์์ ๋ฐฉ์ฌ์ ํ ๋ชจ๋ธ๋ณด๋ค ์๋นํ ์ด๋(โ 10% ์ ๋์ ๊ฐ์ )์ ์ป์์ต๋๋ค. ๋ฐ์ดํฐ ์ธํธ๋ณ ์คํ์ผ์ด๋ ์คํค๋ง๋ฅผ ํ์ตํด์ผ ํ๋ ์์ (์: ๊ฒฐ๊ณผ ์์ฝ)์ ๊ฒฝ์ฐ, GPT-4๋ ์์ ๊ธฐ๋ฐ ํ๋กฌํํธ๋ฅผ ํตํด ๊ฐ์ ๋๊ณ ๊ฐ๋ ๋ SOTA์ ์ผ์นํฉ๋๋ค. ๋ณด๋ ์ธ์ฆ ๋ฐฉ์ฌ์ ์ ๋ฌธ์์ ํจ๊ป ์ค์ํ ๊ด๋ฒ์ํ ์ค๋ฅ ๋ถ์์ ๋ฐ๋ฅด๋ฉด GPT-4๋ ๋ฏธ๋ฌํ ๋๋ฉ์ธ ์ง์์ด ํ์ํ ๋ณต์กํ ๋งฅ๋ฝ์์ ๊ฐ๋ ๋ฐ์ํ๋ ์ค๋ฅ๋ง ์ ์ธํ๊ณ ์ถฉ๋ถํ ์์ค์ ๋ฐฉ์ฌ์ ํ ์ง์์ ๊ฐ์ถ๊ณ ์๋ ๊ฒ์ผ๋ก ๋ํ๋ฌ์ต๋๋ค. ๊ฒฐ๊ณผ๋ฅผ ์์ฝํ๋ฉด, GPT-4์ ๊ฒฐ๊ณผ๋ฌผ์ ๊ธฐ์กด์ ์๊ธฐ๋ก ์์ฑ๋ ์ธ์๊ณผ ์ ๋ฐ์ ์ผ๋ก ๋น์ทํ ์์ค์ธ ๊ฒ์ผ๋ก ๋ํ๋ฌ์ต๋๋ค.
https://www.microsoft.com/en-us/research/blog/gpt-4s-potential-in-shaping-the-future-of-radiology/?fbclid=IwAR0gfYDT9lX4YSjMhnaYU17DqAvQELAM7HwrS1prf4amwBi1PEEs_ZNIqD0
"๋๋๊ฒ๋ GPT-4์์ ์์ฑ๋ ์์์ํ ๋ณด๊ณ ์ ์์ฝ์ด ์ด๋ค ๊ฒฝ์ฐ์๋ ์๋ จ๋ ์์์ํ ์ ๋ฌธ์๊ฐ ์์ฑํ ๋ณด๊ณ ์ ์์ฝ๋ณด๋ค ์ ํธ๋๋ค๋ ๊ฒ์ ๋ฐ๊ฒฌํ๋ค."
์ด์ฉ๋ฉด ์ฝ๊ฐ ์นจ์๋ด๋ํ๋ ๋ด์ฉ์ผ์๋ ์๋๋ฐ, ์ด์จ๋ MS์ ํจ๊ป EMNLP 2023์ ๋ฐํํ๋ ๋ ผ๋ฌธ์์ ๊ทธ๋ ๋ค๊ณ ํ๋ค์. arXiv์๋ 10์๋ง์ ๊ณต๊ฐํ๋ ๋ด์ฉ์ด๊ธฐ๋.... ์๋ง RSNA์ ๊ฐ์ ๋ถ๋ค์ด ๋ง์์ ์กฐ์ฉํ ๋์ด๊ฐ๋ ๋ฏ ์ถ๋ค์.
์ ๋ชฉ:
Exploring the Boundaries of GPT-4 in Radiology
์์ฝ:
์ต๊ทผ ์ผ๋ฐ ๋๋ฉ์ธ ๋๊ท๋ชจ ์ธ์ด ๋ชจ๋ธ(LLM)์ ์ฑ๊ณต์ผ๋ก ์์ฐ์ด ์ฒ๋ฆฌ ํจ๋ฌ๋ค์์ด ์ฌ๋ฌ ๋๋ฉ์ธ๊ณผ ์ ํ๋ฆฌ์ผ์ด์ ์ ๊ฑธ์ณ ํตํฉ๋ ๊ธฐ๋ฐ ๋ชจ๋ธ๋ก ํฌ๊ฒ ๋ณํํ์ต๋๋ค. ์ด ๋ฐฑ์์์๋ ์ง๊ธ๊น์ง ๊ฐ์ฅ ์ฑ๋ฅ์ด ๋ฐ์ด๋ LLM์ธ GPT-4์ ์ฑ๋ฅ์ ์์์ํ ๋ณด๊ณ ์์ ํ ์คํธ ๊ธฐ๋ฐ ์ ํ๋ฆฌ์ผ์ด์ ์์ ํ๊ฐํ์ฌ ์ต์ฒจ๋จ(SOTA) ์์์ํ ์ ์ฉ ๋ชจ๋ธ๊ณผ ๋น๊ตํ๋ ๋ฐ ์ค์ ์ ๋ก๋๋ค. ๋ค์ํ ํ๋กฌํํธ ์ ๋ต์ ํ์ํ๋ฉด์ ๋ค์ํ ๋ฒ์์ ์ผ๋ฐ์ ์ธ ๋ฐฉ์ฌ์ ์์ ์์ GPT-4๋ฅผ ํ๊ฐํ ๊ฒฐ๊ณผ, GPT-4๊ฐ ์ต์ SOTA ๋ฐฉ์ฌ์ ๋ชจ๋ธ๋ณด๋ค ์ฑ๋ฅ์ด ๋ฐ์ด๋๊ฑฐ๋ ๋๋ฑํ ์์ค์ธ ๊ฒ์ผ๋ก ๋ํ๋ฌ์ต๋๋ค. ์ ๋ก ์ท ํ๋กฌํํธ๋ฅผ ํตํด GPT-4๋ ์ด๋ฏธ ์๊ฐ์ ๋ฌธ์ฅ ์ ์ฌ์ฑ ๋ถ๋ฅ(์ ํ๋) ๋ฐ ์์ฐ์ด ์ถ๋ก (F1)์์ ๋ฐฉ์ฌ์ ํ ๋ชจ๋ธ๋ณด๋ค ์๋นํ ์ด๋(โ 10% ์ ๋์ ๊ฐ์ )์ ์ป์์ต๋๋ค. ๋ฐ์ดํฐ ์ธํธ๋ณ ์คํ์ผ์ด๋ ์คํค๋ง๋ฅผ ํ์ตํด์ผ ํ๋ ์์ (์: ๊ฒฐ๊ณผ ์์ฝ)์ ๊ฒฝ์ฐ, GPT-4๋ ์์ ๊ธฐ๋ฐ ํ๋กฌํํธ๋ฅผ ํตํด ๊ฐ์ ๋๊ณ ๊ฐ๋ ๋ SOTA์ ์ผ์นํฉ๋๋ค. ๋ณด๋ ์ธ์ฆ ๋ฐฉ์ฌ์ ์ ๋ฌธ์์ ํจ๊ป ์ค์ํ ๊ด๋ฒ์ํ ์ค๋ฅ ๋ถ์์ ๋ฐ๋ฅด๋ฉด GPT-4๋ ๋ฏธ๋ฌํ ๋๋ฉ์ธ ์ง์์ด ํ์ํ ๋ณต์กํ ๋งฅ๋ฝ์์ ๊ฐ๋ ๋ฐ์ํ๋ ์ค๋ฅ๋ง ์ ์ธํ๊ณ ์ถฉ๋ถํ ์์ค์ ๋ฐฉ์ฌ์ ํ ์ง์์ ๊ฐ์ถ๊ณ ์๋ ๊ฒ์ผ๋ก ๋ํ๋ฌ์ต๋๋ค. ๊ฒฐ๊ณผ๋ฅผ ์์ฝํ๋ฉด, GPT-4์ ๊ฒฐ๊ณผ๋ฌผ์ ๊ธฐ์กด์ ์๊ธฐ๋ก ์์ฑ๋ ์ธ์๊ณผ ์ ๋ฐ์ ์ผ๋ก ๋น์ทํ ์์ค์ธ ๊ฒ์ผ๋ก ๋ํ๋ฌ์ต๋๋ค.
https://www.microsoft.com/en-us/research/blog/gpt-4s-potential-in-shaping-the-future-of-radiology/?fbclid=IwAR0gfYDT9lX4YSjMhnaYU17DqAvQELAM7HwrS1prf4amwBi1PEEs_ZNIqD0
Microsoft Research
GPT-4's potential in shaping the future of radiology
As the benefits of AI in healthcare continue to emerge, we investigate GPT-4's potential in radiology. Learn about research exploring GPT-4โs potential in assisting report structuring, classifying diseases, and generating comprehensive findings summaries:
Forwarded from ์ ์ข
ํ์ ์ธ์ฌ์ดํธ
27์ด์ Varda๋ผ๋ ์ฐ์ฃผ ๊ธฐ์
์ ๊ณต๋ ์ฐฝ์
ํ๊ณ & ๋์์ ํ์ด๋์ค ํ๋์์ ํํธ๋๋ก ์ผํ๊ณ ์๋ Delian Asparouhov๊ฐ 30์ด์ ๋ง์ฃผํ๋ฉด์ ๋จ๊ธด ๊ธ.
https://delian.io/thirty
https://delian.io/thirty
๐1
๊ทธ์ ๊ป PIKA 1.0์ด ๋์๋๋ฐ
์ค๋์ ์คํ์์ค Video Generation ์คํ์์ค์ธ Vchitect ๋ผ๋ ํ๋ก์ ํธ๊ฐ๊ณต๊ฐ๋์๋ค์. T2V, I2V ๋ ๋ชจ๋ธ์ ๊ณต๊ฐํ์ต๋๋ค.
T2V
- ์ฝ๋: https://t.co/sT24IvlhD2
- ์คํ์ด์ค: https://t.co/bhF6TDUZ67
I2V
- ์ฝ๋: https://t.co/IryTCXbiiJ
- ์คํ์ด์ค: https://t.co/joJ2jUMmZB
Video Generation๋ ์ด์ ์น์ดํ ๊ฒฝ์์ด ์์๋๊ฒ ๊ตฐ์. ๊ณผ์ฐ.. ํํ๊ฐ ์ฌ ๊ธฐ์ ๋ค์ด ์ผ๋ง๋ ์๊ธธ์ง..
์ค๋์ ์คํ์์ค Video Generation ์คํ์์ค์ธ Vchitect ๋ผ๋ ํ๋ก์ ํธ๊ฐ๊ณต๊ฐ๋์๋ค์. T2V, I2V ๋ ๋ชจ๋ธ์ ๊ณต๊ฐํ์ต๋๋ค.
T2V
- ์ฝ๋: https://t.co/sT24IvlhD2
- ์คํ์ด์ค: https://t.co/bhF6TDUZ67
I2V
- ์ฝ๋: https://t.co/IryTCXbiiJ
- ์คํ์ด์ค: https://t.co/joJ2jUMmZB
Video Generation๋ ์ด์ ์น์ดํ ๊ฒฝ์์ด ์์๋๊ฒ ๊ตฐ์. ๊ณผ์ฐ.. ํํ๊ฐ ์ฌ ๊ธฐ์ ๋ค์ด ์ผ๋ง๋ ์๊ธธ์ง..
GitHub
GitHub - Vchitect/LaVie: LaVie: High-Quality Video Generation with Cascaded Latent Diffusion Models
LaVie: High-Quality Video Generation with Cascaded Latent Diffusion Models - Vchitect/LaVie
Labor market place
https://youtu.be/qHDAKevRrvw?si=uogJV_kKl4HJNBjc
๊ธฐ์กด ํ๋ ์ด์ด๋ค์ด ๋ฉ๋ด์ผํ๊ฒ ์ค๋ซ๋์ ๊ณผ์ ํด์จ ์ฐ์ ์์ ์๋ก์ด ํ์์ ๋ง์ผํ๋ ์ด์ค๋ฅผ ๋ง๋ค ์ ์๋ ๊ธฐํ๋ฅผ ํฌ์ฐฉ.
https://youtu.be/qHDAKevRrvw?si=uogJV_kKl4HJNBjc
๊ธฐ์กด ํ๋ ์ด์ด๋ค์ด ๋ฉ๋ด์ผํ๊ฒ ์ค๋ซ๋์ ๊ณผ์ ํด์จ ์ฐ์ ์์ ์๋ก์ด ํ์์ ๋ง์ผํ๋ ์ด์ค๋ฅผ ๋ง๋ค ์ ์๋ ๊ธฐํ๋ฅผ ํฌ์ฐฉ.
YouTube
He Quit Uber to Build a Trillion Dollar Company
Check out my podcast, Power Law, on:
-Apple: https://podcasts.apple.com/us/podcast/power-law-with-john-coogan/id1704200890
-Google: https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL3Bvd2VyLWxhdw==
-Spotify: https://open.spotify.com/sโฆ
-Apple: https://podcasts.apple.com/us/podcast/power-law-with-john-coogan/id1704200890
-Google: https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL3Bvd2VyLWxhdw==
-Spotify: https://open.spotify.com/sโฆ
Khosla got a full scholarship to Carnegie-Mellon University in Pittsburgh for a masterโs in biomedical engineering, graduating in 1978. After that, he wanted to go to Stanford Business School but was rejected. He applied again, only to be waitlisted. In a pattern that would be repeated many times, he didnโt take maybe for an answer. He called the admissions office repeatedly, finally just driving across the country and showing up. The details are complicated, but he got in.
One historic anecdote from his Kleiner days concerns early search engine and web portal Excite, which Khosla had invested in for the firm. In early 1999, โVinod tried to get the founders of Excite to buy Google for $2 million,โ said Doerr, who believes Google co-founders Larry Page and Sergei Brin might have accepted the offer. โBut they would only offer Google $1 million. It drove Vinod crazy. But it then left the opportunity for Kleiner to go ahead and invest in Google.โ
โheโs the person who can see the future, see around corners. Thatโs his magic weapon. He can see what other people donโt.โ
One historic anecdote from his Kleiner days concerns early search engine and web portal Excite, which Khosla had invested in for the firm. In early 1999, โVinod tried to get the founders of Excite to buy Google for $2 million,โ said Doerr, who believes Google co-founders Larry Page and Sergei Brin might have accepted the offer. โBut they would only offer Google $1 million. It drove Vinod crazy. But it then left the opportunity for Kleiner to go ahead and invest in Google.โ
โheโs the person who can see the future, see around corners. Thatโs his magic weapon. He can see what other people donโt.โ
Continuous Learning_Startup & Investment
RIP my legend and teacher, Charlie Munger. Thank you so much.
Remembering my teacher Charlie Munger
Thursday, November 30, 2023
I was on a business trip in Asia on Tuesday when I got the call from the Munger family informing me that Charlie was in his final hours. I hopped onto the next flight I could find to California, and before departure, was able to talk to Charlie through the help of his daughter. Charlie had largely lost consciousness, but still I could clearly hear him trying to make a sound to acknowledge he had heard me. Upon landing, I learned that Charlie had left us a few hours earlier.
I arrived at his Santa Barbara home and had the opportunity to spend cherished time with family members, reminiscing about all things Charlie. Charlie was engaging, humorous and full of wit even at Thanksgiving dinner just a few days ago, family members told me. I visited his home library again. In that very room, exactly 20 years ago, also on a post-Thanksgiving weekend afternoon, following the introduction by our mutual friend Ron Olson, Charlie and I first struck up a deep conversation which ran for several hours. It began an investment partnership that has now endured two decades. Charlie became my mentor, partner, dear friend and above all, life-long role model.
I was so deeply grateful that the Munger family made a special arrangement the next day for me to say a proper and private goodbye to Charlie.
There, lying quietly with eyes closed, Charlie looked the same as ever, peaceful and sincere with a subtle smile on his face. There was a serenity about him. For a moment, I was reminded of the Living Buddhas I once saw in the Buddhist temples of Thailand. In the Buddhist tradition, the bodies of truly enlightened monks, through life-long self-cultivation, can remain incorrupt, without any traces of mummification after death. In that moment, it is what I saw in Charlie, an enlightened sage with an incorruptible body, surrounded by a glimmer of eternal light.
Charlie was not a Buddhist. That vision can never be tested. But it is incontrovertible that his legacy and impact will live on for generations to come.
In our capitalist society, where do virtue, moral responsibility, truth-seeking and public service fit in? Charlie Munger answered these questions through his long exemplary life. He insisted on making money in the most morally sound way, entering transactions only when, if positions were reversed, he would comfortably take the other side. He sought worldly wisdom through life-long learning. He guided life with rationality devoid of mental deficiencies such as envy, resentment and self-pity. He faced and persevered through countless adversities with stoicism and equanimity. As he gained in wealth and stature, he showed little appetite for the trappings of that success, and instead spent his wealth on worthy causes and tirelessly spread his worldly wisdom to those who would listen, often with humor. He remained deeply engaged with family, friends, partners and the broader world with loving assiduousness through his last days.
In his later decades, Charlie Mungerโs ideas began to spread across the world, particularly in the most populous countries of China and India. In China, the Mandarin language version of โPoor Charlieโs Almanack,โ an anthology by and about Charlie Munger, sold over 1.2 million copies over the last 10 years. There, the educated class increasingly came to view Charlie as the embodiment of the modern-day Confucianism, maintaining a virtuous and enlightened life while embracing the market forces of capitalism. In time, that vision of modern Confucianism will be crucial for Chinese modernization and how China interacts with the rest of the world.
Charlieโs teachings will continue to spread, inspire and impact the world even more profoundly. That will be his eternal legacy.
Thursday, November 30, 2023
I was on a business trip in Asia on Tuesday when I got the call from the Munger family informing me that Charlie was in his final hours. I hopped onto the next flight I could find to California, and before departure, was able to talk to Charlie through the help of his daughter. Charlie had largely lost consciousness, but still I could clearly hear him trying to make a sound to acknowledge he had heard me. Upon landing, I learned that Charlie had left us a few hours earlier.
I arrived at his Santa Barbara home and had the opportunity to spend cherished time with family members, reminiscing about all things Charlie. Charlie was engaging, humorous and full of wit even at Thanksgiving dinner just a few days ago, family members told me. I visited his home library again. In that very room, exactly 20 years ago, also on a post-Thanksgiving weekend afternoon, following the introduction by our mutual friend Ron Olson, Charlie and I first struck up a deep conversation which ran for several hours. It began an investment partnership that has now endured two decades. Charlie became my mentor, partner, dear friend and above all, life-long role model.
I was so deeply grateful that the Munger family made a special arrangement the next day for me to say a proper and private goodbye to Charlie.
There, lying quietly with eyes closed, Charlie looked the same as ever, peaceful and sincere with a subtle smile on his face. There was a serenity about him. For a moment, I was reminded of the Living Buddhas I once saw in the Buddhist temples of Thailand. In the Buddhist tradition, the bodies of truly enlightened monks, through life-long self-cultivation, can remain incorrupt, without any traces of mummification after death. In that moment, it is what I saw in Charlie, an enlightened sage with an incorruptible body, surrounded by a glimmer of eternal light.
Charlie was not a Buddhist. That vision can never be tested. But it is incontrovertible that his legacy and impact will live on for generations to come.
In our capitalist society, where do virtue, moral responsibility, truth-seeking and public service fit in? Charlie Munger answered these questions through his long exemplary life. He insisted on making money in the most morally sound way, entering transactions only when, if positions were reversed, he would comfortably take the other side. He sought worldly wisdom through life-long learning. He guided life with rationality devoid of mental deficiencies such as envy, resentment and self-pity. He faced and persevered through countless adversities with stoicism and equanimity. As he gained in wealth and stature, he showed little appetite for the trappings of that success, and instead spent his wealth on worthy causes and tirelessly spread his worldly wisdom to those who would listen, often with humor. He remained deeply engaged with family, friends, partners and the broader world with loving assiduousness through his last days.
In his later decades, Charlie Mungerโs ideas began to spread across the world, particularly in the most populous countries of China and India. In China, the Mandarin language version of โPoor Charlieโs Almanack,โ an anthology by and about Charlie Munger, sold over 1.2 million copies over the last 10 years. There, the educated class increasingly came to view Charlie as the embodiment of the modern-day Confucianism, maintaining a virtuous and enlightened life while embracing the market forces of capitalism. In time, that vision of modern Confucianism will be crucial for Chinese modernization and how China interacts with the rest of the world.
Charlieโs teachings will continue to spread, inspire and impact the world even more profoundly. That will be his eternal legacy.