The Buffett Formula — How To Get Smarter

The Buffett Formula — How To Get Smarter:

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 day. That’s how knowledge builds up, like compound interest.”

As an account exec, I started to read more and more as Twitter popped up. Then I started to worry it was taking up time I should be achieving things — so I offloaded it to Instapaper, saving articles to read in mass later.

As it’s turned out, I now read all through the day then binge the Instapaper stuff when queuing or other little gaps that come up.

- Max Tatton-Brown

January 7th, 2014