What is the secret to Warren Buffet’s success?
According to Charlie Munger: His ability to be a lifelong “learning machine.”
“If you take Warren Buffett and watched him with a time clock, I would say half of all the time he spends is sitting on his ass and reading,” Munger said in his 2007 commencement speech at the University of Southern California.
“Without lifelong learning, you’re not going to do very well. You’re not going to get very far in life based on what you already know,” says Munger.