🌼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.
Learn MoreMunger’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.
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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](https://www.valueinvestingworld.com/2007/05/charlie-munger-usc-law-school.html):
**_”Nothing has served me better in my long life than continuous learning._**
_I went through life constantly practicing (because if you don’t practice it, you lose it) the multi-disciplinary approach and I can’t tell you what that’s done for me. It’s made life more fun, it’s made me more constructive, its made me more helpful to others, _**_its made me enormously rich_**_. You name it, that attitude really helps.”_
Munger’s statement, “Nothing has served me better in my long life than continuous learning,” reflects his belief that pursuing knowledge and personal growth is a key factor in achieving anything worthwhile.
Munger recognizes that the world is constantly changing, and to keep up with these changes and adapt to new situations, you must continuously learn and evolve.
_”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,” he said._
Munger’s words are a testament to the power of lifelong learning, an essential trait for success in any field.
Munger believes that learning is the key to success, not just in the financial world but in all aspects of life.
His philosophy is grounded in the idea that the more you learn, the more you can achieve and the more you can contribute to society.
Charlie Munger is often referred to as a “**_learning machine_**” due to his lifelong commitment to continuous learning and intellectual curiosity.
He has diverse interests and has pursued knowledge in many different fields, including psychology, economics, history, and science.
# Lifelong learning is a way of life
Lifelong learning is not just about staying ahead of the game; it is a way of life. It’s not just about career advancement; it is a way of life that can enrich every aspect of our existence.
As the old saying goes, “you’re never too old to learn something new.” And in my experience, nothing has served me better in my long life than continuous learning.
Whether it’s picking up a new skill, exploring a new hobby, starting a new project or simply expanding my knowledge on a particular subject, learning has given me a sense of purpose and fulfillment that cannot be matched.
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It has allowed me to adapt to the ever-changing world around me.
“**All I have learned, I learned from books**,” Abraham Lincoln said.
Lifelong earning is not just a means to an end but a continuous and integral part of life. Instead of viewing it as something that prepares us for the future, consider it an ongoing process that enriches our lives, expands our perspectives, and enhances our abilities to adapt to change.
Whether you are pursuing a new career, looking to pick up a new hobby, or simply seeking to broaden your knowledge, embracing lifelong learning is the smartest thing you can ever do for your success.
So if you’re looking for a way to enrich your life and stay ahead of the curve, consider the power of continuous learning.
It just might be the best investment you’ll ever make.
Contributed by [Thomas Oppong
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