Charlie Munger, a proponent of making yourself a learning machine, has the following to say about his partner Warren Buffet:
“ If you watched Warren Buffett with a time clock, I would say half of all the time he spends is just sitting on his ass and reading.”
Munger and Buffett are alike in that they believe an ever-increasing knowledge base is paramount. This sentiment was echoed by every successful investment professional willing to meet with me when I started out in financial services. Overall consensus of the investment community: read voraciously and take every opportunity to meet with professionals in your field.
In that vein I like to make reading recommendations frequently on ASimpleModel, which brings me back to the title of this post – for those that do not follow him already, I want to introduce Michael Mouboussin with two of his recent articles (links below). Per his website:
“Michael J. Mauboussin is a Managing Director and Head of Global Financial Strategies at Credit Suisse. Prior to rejoining CS in 2013, he was Chief Investment Strategist at Legg Mason Capital Management. He is also the author of three books, including More Than You Know: Finding Financial Wisdom in Unconventional Places, named in the The 100 Best Business Books of All Time by 800-CEO-Read. Michael has been an adjunct professor of finance at Columbia Business School since 1993, and received the Dean’s Award for Teaching Excellence in 2009. He is also chairman of the board of trustees of the Santa Fe Institute, a leading center for multi-disciplinary research in complex systems theory.”
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