Charlie Munger dies one month before his 100th birthday.

Charlie Munger the vice chairman of Berkshire Hathaway and longtime business partner of Warren Buffet has died aged 99 years old. Charlie lived one hell of a life and has more common sense than all of Wall Street combined.

Charlie will be remembered for his wit and his mental modeling. Let’s look at some quotes that showed his philosophy on life.

“The big money is not in the buying and selling ... but in the waiting.”

“Great investing requires a lot of delayed gratification.”

Charlie was a patient man. He made his first million in 1970 at the age of 46. He became a billionaire in 2013. And at the time of death had a fortune of 2.2 billion dollars.

He always prioritized learning.

“The game of life is the game of everlasting learning. At least it is if you want to win.”

Charlie mugger spent most of his time reading. Reading to learn, reading for wisdom and reading to be prepared to take whatever opportunity presented itself. Modern people know reading is important, but why do they do it? To pass the time mostly. Read with intent like Charlie did. Read to learn. Read to understand opportunity.

“Whenever you think something or some person is ruining your life, it's you. A victimization mentality is so debilitating.”

Charlie never perceived himself as a victim. And you shouldn’t either. Where does it get you? Nowhere useful.

“The safest way to get what you want is to deserve what you want.”

This is by far my favorite Mungerism.

Get what you want by deserving it. This is the path less taken as Christians would put it. Is there really any other way to get what you want? If you could get what you want without deserving it would it even be worth it? I would suspect it would not be worth it.

“I never allow myself to have an opinion on anything that I don't know the other side's argument better than they do.”

This quote is the essence of how Mr. Munger lived. He always explored the other side. The other side of an opinion, the other side of a law, or even a person. Base your opinions on both sides of an argument and you will likely find the truth amongst them.

Charlie learned this mental model with the power of inversion. Inversion comes from mathematics. It works like this.

Say you have a goal of losing weight, instead of focusing on the things that you need to do to lose the weight. Invert the question and ask yourself “What would I do if I didn’t want to lose weight?” Those things would be sitting on the couch, eating junk food, drinking soda, and avoiding fruits and vegetables. When you do this inverted list, it makes it much easier to see what behavior would be needed to achieve the goal in the first place. Try it out sometime.

Charlie Munger the grumpy old guy you could catch on CNBC schooling the TV hosts with unforgettable one liners has moved on from his worldly body and possessions.

We will miss him, now make him proud and go and get what you deserve like Charlie did.