I have just finished reading the book - Buffett - The Making Of An American Capitalist which is a Biography of Warren Buffett - the legendary investor whose net worth is estimated to be around 80 billion dollars
That book contains tons of great lessons to learn from Warren Buffett but one of the most powerful lessons is his insatiable desire for reading and learning
By the age of 10 he had read all the books written on the topics of Investment and Finance in the Omaha Public Library some even twice and he earned his own money from the first-ever investment he made at the age of eleven just by applying the knowledge he acquired from the books he had read.
Even now in his 80s he reads five to six hours a day.
Buffett was very hardworking as a kid and very much wanted to learn everything he could about Finance and the stock market
Charlie Munger once described Warren Buffett as a learning machine and noted that if you observe Warren Buffett during the day you will realize that half his time is spent sitting on his ass and reading
Once, when asked how to get smarter Buffett held up stacks of papers and said read 500 pages like this every single day that's how knowledge builds up like compound interest.
And as you know, compound interest is the 8th wonder of the World
Even now his days are rather unstructured
He doesn't have a computer on his desk, he reads for hours on end
He only has a telephone line on his desk and could spend hours without interruption.
What's interesting is that this thirst for reading and learning is a very common pattern among a lot of billionaires Elon Musk Jeff Bezos Bill Gates Mark Cuban are all crazy about reading as well.
Elon Musk was reading two books a day in fourth grade and was reading ten hours a day by the age of 12.
When Elon Musk finished all the books in his school library at the age of 13 he went on to read all the Encyclopedia Britannica's
From his childhood days Warren Buffett knew where the fountain of knowledge was residing - in the Books written by men and women and he wasted no time to swot over them and learn all he could and apply the same to his life.
Popularly called the Oracle of Omaha, he could decode every investment code in the Stock Exchange and 99.9% out of 100, his predictions would always come true.
Are you a Reader?
What kind of books are you reading?
You need to know that no matter what, Readers are Leaders and most of them end up changing the face of the World.
At Top Iconic Challenge Platform we run a monthly Book Reading Challenge program and most participants have given testimonies of how they have been reinvigorated to go after that which is dear to them through the books we have so far read.
Wouldn't you like to join us?
The Average Nigerian Youth will say Mad Ohh!!
ReplyDeleteThis exclamation is pertaining his reading habit. I like it but I think I won't wholly suscribe to his method of reading. How can one still be reading hard copy books using hours and energy while with audio books one can read more with less time?
I believe the key is, get what is in the book and practice it.
Nonetheless, reading wide is good not just reading about a particular field.
Kudos to this beast and legend.
I understand you #Paschal as a young man of this generation
Deletebut men in their 80s are not of yesterday and they learnt things the hard way and like you know habits die hard
I only wish...
ReplyDeleteHowever, one can start somewhere
Yes #Mary
Deletethe important thing is to take the first step - to start
I have come to understand and believe vehemently that reading widens one's horizon and changes the way in which he/she thinks and see thing. He is a great man have heard so much about him. Thank you for sharing
ReplyDeleteA voracious book reader i must say, wish i can have the patience of reading so much
ReplyDelete