Key Lessons From Legendary Investor Charlie Munger

Become a learning machine. “We all start out stupid and we all have a hard time staying sensible, and you have to keep working at it,” Munger told an audience at the University of Redlands in California in 2020. That requires reading constantly—and not just in your own area. “I never liked [specialization],” he said. “I like romping over a whole field.”

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