"I didn't set out in life to become the assistant leader of a cult."Rather, this one:
-Mr. Munger at the 2007 Wesco annual meeting as recorded by T2 Partners' Whitney Tilson
"The skill that got Berkshire through one decade would not have sufficed to get it through the next decade, with comparable levels of achievement. Warren Buffett had to be a continuous-learning machine. The same requirement exists in lower walks of life. 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 that morning. And boy, does that habit help, particularly when you have a long run ahead of you."At Value Investing World's Aug. 12 linkfest, and about which VIW writes:
I was reminded [H/T @uncapwisdom] of the quote below from a 2007 Charlie Munger speech in Poor Charlie's Almanack (a video of that speech is HERE, and some notes are HERE) that is especially relevant to the topic...Also at Value Investing World:
Charlie Munger: This is the way you win big in the world...