LEARNERS ARE EARNERS……. “Go to bed smarter than when you woke up.” — BUFFET FORMULA.   We’ll call it the Buffett formula, named after Warren Buffett and his longtime business partner at Berkshire Hathaway, Charlie Munger. These two are an extraordinary combination of minds. They are also learning machines.

LEARNING PARTNERS……   “I can see, he can hear. We make a great combination.” —Warren Buffett, speaking of his partner and friend, Charlie Munger.

We can learn a lot from them. They didn’t get smart because they are both billionaires. They became billionaires, in part, because they are smart. More importantly, they keep getting smarter. And it turns out that they have a lot to say on the subject How to Get Smarter? Read A lot.

Warren Buffett says, “I just sit in my office and read all day.” What does that mean? He estimates that he spends 80% of his working day reading and thinking.

“You could hardly find a partnership in which two people settle on reading more hours of the day than in ours,” Charlie Munger commented. When asked how to get smarter, Buffett once held up stacks of paper and said, “Read 500 pages like this every week. That’s how knowledge builds up, like compound interest.”

All of us can build our knowledge, but most of us won’t put in the effort. How many books do we read in a week? Most people go through life not really getting any smarter. Why?

They simply won’t do the work required. It’s easy to come home, sit on the couch, watch TV, and zone out until bedtime rolls around. But that’s not going to help you get smarter. Sure, you can go into the office the next day and discuss the details of last night’s episode of Mad Men or Game of Thrones. And yes, you know what happened on Survivor. But that’s not knowledge accumulation; that’s a mind-numbing sedative.

You can acquire knowledge if you want it. In fact, there is a simple formula, which if followed is almost certain to make you smarter over time. Simple but not easy. It involves a lot of hard work

How to build a reading habit like Warren Buffett

1. Set a target for how much you’d like to read each day…. Read atleast 3 pages a day!

2. Set aside time to actively think about or review what you’ve read Write down 1 key takeaway from your reading!

3. Record how and when you read a particular book or article Record the day’s reading activity every evening as well as what you thought of it!

Well, thats all for today!

stay tuned, for my next blog...