Money and Finance
- The Danger Of Multitasking
I've heard Charlie Munger mention the danger of multitasking a few times over the last couple of years, including this comment from last week's Daily Journal Annual Meeting: And that brings me to the subject of multitasking. All you people...
- Learning And Fundamentals...
From Josh Waitzkin in The Art of Learning, and applicable to investing and just about everything else as well:As I struggled for a more precise grasp of my own learning process, I was forced to retrace my steps and remember what had been internalized...
- Li Lu On Understanding A Business…
Via notes from his 2010 lecture at Columbia:You can’t truly understand everything about a business in 1 week. It took me 10 years and I am still learning new things about BYD. It is a continuous learning process. You could spend a lifetime studying...
- Flummoxed By Failure—or Focused?
Thanks to Will for passing this along. Many people think of intelligence as static: you are born with lots of brains, very few, or somewhere in between, and that quantum of intelligence largely determines how well you do in school and in life. The astrophysicist...
- Charlie Munger - Usc Law School Commencement - May 13, 2007
Here are my notes from Charlie Munger's keynote address. I didn't originally intend for it to be a semi-transcript but I had to take Charlie's advice: "Deliver to the world what you would buy if you were on the other end." And so that's...
Money and Finance
Charlie Munger on continuous learning
From my notes on his 2007 USC Law School Commencement Speech:
Wisdom acquisition is a moral duty. It’s not something you do just to advance in life. As a corollary to that proposition which is very important, it means that you are hooked for lifetime learning. And without lifetime learning, you people are not going to do very well. You are not going to get very far in life based on what you already know. You’re going to advance in life by what you learn after you leave here.
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.
- The Danger Of Multitasking
I've heard Charlie Munger mention the danger of multitasking a few times over the last couple of years, including this comment from last week's Daily Journal Annual Meeting: And that brings me to the subject of multitasking. All you people...
- Learning And Fundamentals...
From Josh Waitzkin in The Art of Learning, and applicable to investing and just about everything else as well:As I struggled for a more precise grasp of my own learning process, I was forced to retrace my steps and remember what had been internalized...
- Li Lu On Understanding A Business…
Via notes from his 2010 lecture at Columbia:You can’t truly understand everything about a business in 1 week. It took me 10 years and I am still learning new things about BYD. It is a continuous learning process. You could spend a lifetime studying...
- Flummoxed By Failure—or Focused?
Thanks to Will for passing this along. Many people think of intelligence as static: you are born with lots of brains, very few, or somewhere in between, and that quantum of intelligence largely determines how well you do in school and in life. The astrophysicist...
- Charlie Munger - Usc Law School Commencement - May 13, 2007
Here are my notes from Charlie Munger's keynote address. I didn't originally intend for it to be a semi-transcript but I had to take Charlie's advice: "Deliver to the world what you would buy if you were on the other end." And so that's...