There are not many people like Charlie Munger. At 95 years young, Munger is vice chairman of the venerable Berkshire Hathaway (NYSE:BRK-A)(NYSE:BRK-B) and business partner of Warren Buffett. Although Munger does not share as much spotlight as Buffett, his investment approach is said to have keenly influenced Buffett over the years. Here’s a collection of some of his best advice.
1. “Spend each day trying to be a little wiser than you were when you woke up.”
Munger is a voracious reader. He has long recommended that people keep reading and learning throughout their lives and that they do not restrict themselves to any single topic. He has spoken often about how various disciplines intersect and inform one another.
Munger knows that knowledge compounds with time. He adds, “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