• Development of Expertise

    Keep Learning

    “Just keep accumulating knowledge. That’s one of the beauties of the business that Charlie and I are in, is that everything is cumulative. The stuff I learned when I was 20 is useful today. Not in necessarily the same way and not necessarily every day. But it’s useful. So you’re building a database in your mind that is going to pay off over time.” – Warren Buffett *** One of the greatest secrets to Warren Buffett’s success is that he is continuously learning. Charlie Munger, the vice chairman of Buffett’s Berkshire Hathaway Corporation, once said this about his legendary colleague: “Warren Buffett has become one hell of a lot better investor…

  • Development of Expertise

    Successful People

    “Super-successful people aren’t the most gifted people in their fields. They just work, study and practice more than the competition.” – Jack Canfield *** An excerpt from How To Become The Best at Anything, Chapter 8 – Deliberate Practice and Learning “To become the best takes practice, lots and lots of practice. It takes about 10,000 hours of practice to get really good at something and not just any type of practice, deliberate practice. Deliberate practice is practicing at getting better every time you practice. Note: The number of hours you will need to practice from the start of your journey may vary depending on the area/domain and how much…

  • Development of Expertise

    Do What You Love to Do

    “There comes a time when you ought to start doing what you want. Take a job that you love. You will jump out of bed in the morning. I think you are out of your mind if you keep taking jobs that you don’t like because you think it will look good on your resume. Isn’t that a little like saving up sex for your old age?” — Warren Buffett *** So, what is your passion? An excerpt from – How to Become the Best at Anything, Chapter 1, Passion and Interest “What is your passion? What are you passionate about? Are you passionate about a sport, say basketball, or…

  • Development of Expertise

    Perseverance and Passion

    “I’m convinced that about half of what separates the successful entrepreneurs from the non-successful ones is pure perseverance. It is so hard. You put so much of your life into this thing. There are such rough moments in time that I think most people give up. I don’t blame them. It’s really tough and it consumes your life. If you’ve got a family and you’re in the early days of a company, I can’t imagine how one could do it. I’m sure it’s been done, but it’s rough. It’s pretty much an 18-hour day job, seven days a week for a while. Unless you have a lot of passion about…