ColumnistsPREMIUM

STREET DOGS: The game is to keep learning

Michel Pireu

Michel Pireu

Columnist

If Warren Buffett had never learned anything new after graduating from Columbia Business School, Berkshire Hathaway would be a pale shadow of its present self.

Buffett would have become rich – what he learned from Ben Graham at Columbia was enough to make anybody rich. But he wouldn’t have the type of enterprise Berkshire is if he hadn’t kept learning. I don’t know anyone who became a great investor with great rapidity.

The game is to keep learning. If you don’t, other people will pass you by. 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. It’s made life more fun, it’s made me more constructive, it’s made me more helpful to others, and it’s made me enormously rich. - Charlie Munger.

What’s really astounding is how resistant some people are to learning anything, even when it’s in their self-interest to learn.

- Warren Buffett

You can read your eyes out and still won’t have read half enough. The illiterate of the future are not those who cannot read or write, but those who cannot learn, unlearn and relearn. - Alvin Toffler

What’s the most important thing that I have had to unlearn? That I knew what the future held, I guess. That you can figure this thing out. I mean, I’ve become increasingly humble about it over time and comfortable with that. You have to understand that

being wrong is part of the  process. And I try to shut up at cocktail parties.

You have to keep learning that you don’t know, because you find models that work, ways to make money, and then they blow sky-high. - Peter Bernstein

pireum@streetdogs.co.za

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