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Warren Buffett’s 80% Rule: The Most Successful People Spend a Great Deal of Time Reading And Thinking
Here’s the key to long-term success —compound learning
The story of Warren Buffett is no secret. He is the most successful investor of our time. He’s made billions for decades. He is excellent at what he does.
And his investment advice is timeless.
The irony is that he rarely makes decisions. And when he does, he is in it for the long haul. He likes to buy and hold “forever”.
And before he invests, he reads a lot of annual reports. A lot of them.
He likes to be informed before he buys and hold for eternity. And that process also involves a lot of thinking too.
Warren Buffet has spent 80% of his career reading and thinking. He takes reading to the extreme. And that habit has paid off for decades.
“I insist on a lot of time being spent, almost every day, to just sit and think. That is very uncommon in American business. I read and think. So I do more reading and thinking and make less impulse decisions than most people in business. I do it…