Charlie Munger’s Secrets to Successful Investing

It’s pretty easy to do and it’s not much of a secret. But this article says one of the keys to Charlie Munger’s success is that he reads a lot. Any time he is waiting is spent reading, and he often arrives early for meetings and other scheduled events so he’ll have some time to read.

For Munger, the simple habit is the key to wisdom and success. “In my whole life, I have known no wise people who didn’t read all the time — none, zero,” Munger says in author David Clark’s “The Tao of Charlie Munger.” “If you want wisdom, you’ll get it sitting on your a–. That’s the way it comes.”

Indeed, Buffett also reveres reading, and spends up to six hours at it each day. And one of Buffett and Munger’s proteges at Berkshire, Todd Combs, says he spends nearly 12 hours each day reading.