Charlie Munger: The One Habit That Has Made Me Enormously Rich
Your success depends on your ability to learn from smart minds
Charlie Munger, the renowned billionaire investor and vice chairman of Berkshire Hathaway, is known for his sharp intellect, exceptional business acumen and wise words.
Munger has accumulated an impressive fortune through his investments and business ventures throughout his long and illustrious career.
However, according to Munger, one habit has been instrumental in his success: continuous learning.
Munger’s investing philosophy is well-known in the financial world, but what sets him apart is his ability to distil complex ideas into simple, actionable habits.
Munger has famously said, “In my whole life, I have known no wise people (over a broad subject matter area) who didn’t read all the time — none, zero. You’d be amazed at how much Warren reads — and at how much I read.”
His statement underscores the importance of reading as a lifelong pursuit that can unlock tremendous benefits.
In a USC Law School Commencement speech, Munger said:
