The Reading Habits Of Highly Successful People
Some of the world's highest achievers have one thing in common: it isn’t a high IQ, nor is it an incredible lucky streak, but their appreciation for reading. Books were their most profitable investment.
From $2 to $20 billion Two teenage boys found employment at a grocery store in Omaha, Nebraska. The older boy, from a poor family devastated by the Great Depression, bred and sold hamsters for spare change. The younger boy, grandson of the store owner, had been delaying college and working odd jobs, like selling chewing gum and coke bottles door to door. Back then, each boy made about $2 a day. Just a few decades later, they’d be raking in $20 billion in profit per year with their conglomerate, Berkshire Hathaway. Who were these boys? None other than Charlie Munger and Warren Buffett. How did they become the most successful investors America has ever seen?
Two teenage boys found employment at a grocery store in Omaha, Nebraska. The older boy, from a poor family devastated by the Great Depression, bred and sold hamsters for spare change. The younger boy, grandson of the store owner, had been delaying college and working odd jobs, like selling chewing gum and coke bottles door to door.
Back then, each boy made about $2 a day. Just a few decades later, they’d be raking in $20 billion in profit per year with their conglomerate, Berkshire Hathaway. Who were these boys? None other than Charlie Munger and Warren Buffett. How did they become the most successful investors America has ever seen?
Fastrack to 2007, the 84 year-old Charlie Munger, reveals to a crowd of aspiring law students the secrets to their success: “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.” Supposedly, in the early days of Buffett’s investment career, he would read 600-1000 pages in a single day. Nowadays, he still dedicates 80% of his day to reading. His takeaway for everyone: no matter where you are in life, keep on learning and you will succeed.