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 since the day I met him, and so have I. If we had been frozen at any given stage, with the knowledge we had, the record would have been much worse than it is. So the game is to keep learning, and I don’t think people are going to keep learning who don’t like the learning process.”

Most people think that real learning ends when school is over but they are selling themselves way short.

Life should be about continuous learning, and there are many ways for you to do this:

• Attend conferences, seminars, and meet-ups.
• Take a free online course.
• Talk to people and ask them questions (listen more than you talk).
• Research something you are interested in.
• Travel.

In other words, develop expertise in something you are interested in.