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This exchange between Warren Buffett and Charlie Munger is golden—lessons for building wealth and living a better life:
Buffett:
"Write your obituary and try to figure out how to live up to it. For business, You just want to make sure you don't make any mistakes that take you
"Read 500 pages every week. That's how knowledge works. It builds up, like compound interest. All of you can do it, but I guarantee not many of you will."
— Warren Buffett
"I read everything: Annual reports, 10-Ks, 10-Qs, biographies, histories, five newspapers a day. On airplanes I read the instructions on the backs of the seats. Reading is key.
Reading has made me rich over time."
— Warren Buffett
"Read 500 pages every day. That's how knowledge works. It builds up, like compound interest. All of you can do it, but I guarantee not many of you will."
— Warren Buffett
"I'm not terribly affected by the fact that the crowds are agreeing with me or disagreeing with me. I'll do whatever my own sense tells me. The trick is simply to sit and think."
— Warren Buffett
"Read 500 pages every day. That's how knowledge works. It builds up, like compound interest. All of you can do it, but I guarantee not many of you will."
— Warren Buffett
"Most people get interested when everyone else is. The time to be interested is when no one else is. You can't buy what is popular and do well."
— Warren Buffett
"Read 500 pages every week. That's how knowledge works. It builds up, like compound interest. All of you can do it, but I guarantee not many of you will."
— Warren Buffett
“Savings can be created by spending less. You can spend less if you desire less. And you will desire less if you care less about what others think of you.”
— Morgan Housel
Warren Buffett was asked this morning if he could have one more day with Charlie Munger, what would Buffett do?
He suggested he'd probably do what they always did:
"We always lived in a way where we were happy with what we were doing every day..."
Charlie loved learning—as did
“The difference between successful people and really successful people is that really successful people say ‘No’ to almost everything.”
— Warren Buffett