Charlie Munger is a business magnate, lawyer, investor, philanthropist and Warren Buffett’s right hand man at the Berkshire Hathaway Corporation. As I’m writing this, his net worth is estimated at $1,3 billion (1).
Munger is big on learning; really big: “In my whole life, I have known no wise people who didn’t read all the time — none, zero. You’d be amazed at how much Warren (Buffett) reads — at how much I read. My children laugh at me. They think I’m a book with a couple of legs sticking out.”
In his 2007 USC Law School Commencement speech he said:
“I constantly see people rise in life who are not the smartest, sometimes not even the most diligent, but they are learning machines.
They go to bed every night a little wiser than they were when they got up and boy does that help, particularly when you have a long run ahead of you.…so if civilization can progress only with an advanced method of invention, you can progress only when you learn the method of learning.
Nothing has served me better in my long life than continuous learning. I went through life constantly practicing (because if you don’t practice it, you lose it) the multi-disciplinary approach and I can’t tell you what that’s done for me.
It’s made life more fun, it’s made me more constructive, it’s made me more helpful to others and it’s made me enormously rich. You name it, that attitude really helps (2).” [Read more…]