The Importance of Avoiding Major Mistakes

JC: Could you please advise us on what major mistakes we should learn, we should avoid in both investing and in life? I would also like to have Mr. Munger's thoughts too, please. Well, let me. Charlie said the major mistake you make, you're lucky in the United States. Go around the world, you don't have a lot of choices in some places. But you should write your obituary and try and figure out how to live up to it. You should never have a night when you're worried about investing. JC: Thank you for sharing your wisdom all the time.