“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. My children laugh at me. They think I’m a book with a couple of legs sticking out.”
Charlie Munger is the vice-chairman of Berkshire Hathaway, the conglomerate controlled by Warren Buffett. He is an American investor, businessman, former real estate attorney, architectural designer, and philanthropist. Munger served as chairman of Wesco Financial Corporation from 1984 through 2011. He is also chairman of the Daily Journal Corporation, based in Los Angeles, California, and a director of Costco Wholesale Corporation.
Charlie is a proponent just like Warren Buffet of Life Long Learning. As a teenager he worked at Buffett & Son, a grocery store owned by Warren Buffett’s grandfather.
In his 2007 USC Law School Commencement Address he shared some great insights on life long learning:
Wisdom acquisition is a moral duty. It’s not something you do just to advance in life. As a corollary to that proposition which is very important, it means that you are hooked for lifetime learning.
And without lifetime learning, you people are not going to do very well. You are not going to get very far in life based on what you already know. You’re going to advance in life by what you learn after you leave here.
Another idea that I got, and this may remind you of Confucius too, is that wisdom acquisition is a moral duty. It’s not something you do just to advance in life. Wisdom acquisition is a moral duty.