Stream All the Media You Want With:

Sunday, November 16, 2014

Warren Buffett's Quotes on Continuous Learning & Professional Development

Warren Buffett's Key to Success: Continuous Learning & Professional Development

A Ravenous Appetite for Quality Information Corralls Opportunities
that Other Investors may have Missed or Overlooked

Here are some of the quotes arising from the beliefs and tenets underpinning Warren Buffett's and Charlie Munger's outstanding and long term, investment success (and my comments {in blue}):

"The best thing a human being can do is to help another human being know more."
— Charlie Munger (You can't deplete your Well of Knowledge by sharing - on the contrary you never know how many more (off)Springs this leads to).

"Go to bed smarter than when you woke up."
— Charlie Munger (Stagnation leads to Obsolescence - Progress or Retrogress).

"I can see, he can hear. We make a great combination."
— Warren Buffett, speaking of his partner and friend, Charlie Munger.
(1+1=5 - Behold the power of Synergy).

"I just sit in my office and read all day."
 — Warren Buffet (Information is not a Luxury but a Necessity).

"Look, my job is essentially just corralling more and more and more facts and information, and occasionally seeing whether that leads to some action. And Charlie - his children call him a book with legs." [Working Together: Why Great Partnerships Succeed]  (Your Job? What's your Reconnaissance Style?).
— Warren Buffett to author Michael Eisner

"You could hardly find a partnership in which two people settle on reading more hours of the day than in ours..."
—  Charlie Munger (Such like Minds are hard to find!)

"I don't think any other twosome in business was better at continuous learning than we were..."
"And if we hadn't been continuous learners, the record wouldn't have been as good. And we were so extreme about it that we both spent the better part of our days reading, so we could learn more, which is not a common pattern in business."
— Warren Buffett to Michael Eisner (Such like Minds are rarer than Hen's Teeth!)

"(I) read 500 pages like this every day. That's how knowledge builds up, like compound interest."
 — Warren Buffett  (What an apt and concise Comparison).

"We read a lot. I don't know anyone who's wise who doesn't read a lot. But that's not enough: You have to have a temperament to grab ideas and do sensible things. Most people don't grab the right ideas or don't know what to do with them."
—  Charlie Munger (It's not Quantity, it's also How you read backed up by Action).

"The person who says he knows what he thinks but cannot express it usually does not know what he thinks."
 —  Mortimer Adler (You can only articulate thoughts if they EXIST to begin with. Additionally it takes an Incisive Intellect to cut through the Haze (of data) to uncover Gems as it does an Investment Barista to distill a Library into a cup of Info-Espresso).

"Who's my most valuable client?" and "I have always wanted to improve what I do, even if it reduces my income in any given year. I always set aside time so I can play my own self-amusement and improvement game." 
—  Charlie Munger (on how and why he invests in educating himself.)

TIP: How to invest in yourself: Sell yourself an Hour each Day, ie. devote one hour of each day exclusively for investing in your personal development and growth, viz. "working ON your business" as opposed to "working IN your business". Applied consistently this will result in dividends far beyond short-term gains. Working IN your business has a Cashflow focus, working ON your business is Growth-focussed which can lead to massive wealth-creation results.

Q: Are you working ON your business? How much time are you investing in Yourself and your Business? What are the consequences of not taking action?

Related Posts Plugin for WordPress, Blogger...