Living Well - Succeeding Big: 3 Lessons from Charlie Munger

The video discusses Charlie Munger, Warren Buffett's business partner, and his insights on project management. Munger's concept of 'elementary worldly wisdom' involves mental models that aid in problem-solving and career advancement. His speech at USC Law School offers pragmatic advice, emphasizing thinking backwards to solve problems, reliability, and diligence. Munger's approach is practical and applicable to project managers seeking success.

What is the meaning of the term 'assiduous' as used by Munger, and how does it relate to project management?

Can you describe the simple rule set by the two business partners that contributed to their success?