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 7th, 2008 08:56
Worth reading. Keep it up.
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.
June 3rd, 2008 21:19
Very smart advice to surround yourself with people smarter than you. I am lucky enough atlast to have found someone I consider a mentor. He is almost 60 and it’s almost like he can print money at will.
From my observations you can add the ability to network and inspire people to reading. He professes amazement at the little life insurance settlement website I built for him and manages to get me really excited about the potential to work with him. In every area of his business he has teams of experts that help him deliver unbelievable results for his clients…and the net result? He does amazingly well, I hope I can learn.
June 12th, 2008 19:36
Ive recently been readin up on warren buffet and may purchase the intelligent investor, im from the UK so the only real business mogel that british people look up to is sir Alan sugar and sir Richard branson.
But they only earn a fraction of what Buffet earns
August 4th, 2008 15:07
Buffet=The intelligent Investor. nevertheleess, at times like these most investors loose money.
August 17th, 2008 20:57
I’ve had a peak at the book recommended above (’The Four Filters Invention of Warren Buffett and Charlie Munger. Two Friends Transformed Behavioral Finance’) and from what i read it looks pretty good.
August 20th, 2008 06:05
Yes, Its good to see our idols.
I wish i could be there too with you.
We have to hang on, I try to make my things with hart, and assidously. I hope if I love my job, one day I can earn more money. Thats important, love what we are doing.
Thanks for the advices, I got force to the everydays.
September 1st, 2008 15:13
If you’re surrounding yourself with Warren Buffett and Charlie Munger, that is pretty good company! Also, thanks Game Sanders for mentioning the Four Hour Work Week.. I’ve wanted to read that one but had forgotten about it.. and you just reminded me
September 25th, 2008 10:05
And no one got the underlying message that lurks bellow the surface. That message is do whatever it takes to quire the skills you need.
September 27th, 2008 04:18
I have been following and trying to do what Warren and Charlie are saying, suggestions from how to live ones life to how to invest. And I would say that following them is the most rewarding and liberating feeling because you know that those tips and ideas are tried and tested by these two great men. I wish I could meet them personally someday.