What I Learned From Warren Buffett & Charlie Munger
May 5th, 2008
Written By: Adam Sussman
This past weekend I attended the Berkshire Hathaway annual shareholders meeting. For several hours I sat overlooking Warren Buffett and Charlie Munger as they answered unfiltered questions from the audience.
Some would say that Buffett and Munger are our modern day equivalent John D. Rockefeller, Benjamin Franklin or Andrew Carnegie. To be in the room with these guys was a real thrill even though I was among 31,000 other devoted followers.
Throughout the day Buffett and Munger addressed issues about the current state of the
Buffett and Munger kept coming back to one common thread. These two titans of industry are addicted to reading. Munger commented that the greatest teacher / fathers in his life are the authors of all the books he reads. If you wish to peek in the mind of one of the most fascinating modern day Americans, check out Books Recommended by Charlie Munger
One common discussion I had this weekend revolved around the idea of surrounding yourself among people who are smarter than you. Especially if your young and are in the early stages of your career. If you are always the smartest person in the room, you are stealing prime hours of your life in which you could be absorbing knowledge from others.
May 5th, 2008 21:43
Its good to see our inspirationals and idols.
I like what you said “If you are always the smartest person in the room, you are stealing prime hours of your life in which you could be absorbing knowledge from others.”
Very thoughtful in that sentence and I agree with you.
Ross
May 7th, 2008 08:56
Worth reading. Keep it up.
May 8th, 2008 00:06
Thanks for the reading list, I’ll definitely pick up a few of those books.
May 9th, 2008 19:11
I just bought some B shares.
I would have loved to have been there.
May 11th, 2008 09:53
Very wise advice. I’m a huge book reader, I think I’ve read every book known about real estate investing. People think I’m so smart, but at the end of the day I’m just a big fan of reading.
May 12th, 2008 12:03
I have never read much about warren buffet, but this was a good post and very interesting so I think I should pick up a few books. Thanks
May 13th, 2008 11:07
I read The Intelligent Investor which Warren Buffet heavily recommends, as it conveys the basic principles that Warren Buffet uses.
May 13th, 2008 11:18
I have that book sitting by the side of my bed along with Common Stocks and Uncommon Profits by Fisher. I am dieing to get to them, but a half dozen other books are sitting between me and them for right now.