 | |||
| | |||
| |||
Warren Buffett and Charlie Munger's best advice
The world's greatest investing duo talk about how they've helped each other exceed at investing--and life.Warren Buffett and his lifelong investing partner Charlie Munger are rarely interviewed together except in front of 30,000-plus shareholders at the Berkshire Hathaway (BRKA) annual meeting in Omaha each spring. So, my recent sit-down with the two investing legends was a special event. The new issue of Fortune features Buffett, 83, and Munger, 89 and other super-successful duos who have thrived by sharing advice with one another over the years. Here's an expanded piece of my interview that didn't make it into the magazine. You don't have to be a billionaire to understand that following this advice can lead to a truly successful life. Buffett (about Munger): He's given me a lot more advice than I've given him. He lives a very rational life. I've never heard him say a word that expressed envy of anyone. He doesn't waste time on senseless emotions. Munger: There's an old saying, "What good is envy? It's the one sin you can't have any fun at." It's 100% destructive. Resentment is crazy. Revenge is crazy. Envy is crazy. If you get those things out of your life early, life works a lot better. Buffett: It so clearly makes sense. Munger: We've learned how to outsmart people who are clearly smarter [than we are.] Buffett: Temperament is more important than IQ. You need reasonable intelligence, but you absolutely have to have the right temperament. Otherwise, something will snap you. Munger: The other big secret is that we're good at lifelong learning. Warren is better in his 70s and 80s, in many ways, that he was when he was younger. If you keep learning all the time, you have a wonderful advantage. Watch Buffett sharing more wisdom--on investing, the economy, and life—here at the recent Fortune Most Powerful Women Summit in Washington, D.C. And here's the playlist of all the Fortune MPW Summit main-stage interviews, including IBM (IBM) CEO Ginni Rometty, Lockheed Martin (LMT) chief Marillyn Hewson, Facebook's (FB) Sheryl Sandberg--and my conversations with Tory Burch, Chelsea Clinton, Supreme Court Justice Elena Kagan, tennis legend Martina Navratilova, and Yahoo (YHOO) CEO Marissa Mayer. Filed under: FORTUNE MPWomen, Most Powerful Women, Postcards | About This Author  Patricia Sellers Editor at Large, Fortune Pattie Sellers has written some of Fortune's most talked-about cover stories, including "Oprah's Next Act," "Can Meg Whitman Save California?" "The $100 Billion Woman" (Melinda Gates), "MySpace Cowboys," Martha Stewart ("I cannot be destroyed"), Ted Turner ("Gone with the Wind") and Oprah Winfrey ("Oprah Inc."). Since its launch in 1998, Pattie has helped oversee Fortune's "Most Powerful Women" cover package. Subscribe: RSS feed | email newsletter Sign up News Breaking Financial News Be the first to know when there is breaking financial news with timely alerts delivered straight to your inbox. Markets Captain's Blog FORTUNE managing editor Andy Serwer keeps tabs on Wall Street. Market Briefing A complete roundup of each day's trading activity. The Term Sheet Receive Fortune's newsletter on all the deals that matter, from Wall Street to Sand Hill Road. Technology Careers Personal Finance The Help Desk Tips for saving and spending smarter. Ask the Expert Our readers toughest market questions answered every Friday.  | ||
| © 2013 Cable News Network. A Time Warner Company. All Rights Reserved. Terms under which this service is provided to you. Privacy Policy. Ad choices  . | |||
| Email Administrator One CNN Center Atlanta, Georgia 30303 This promotional message has been sent to you because you are currently subscribed to Postcards. This message was sent to you at acozocom.news01@BLOGGER.COM To unsubscribe, click here | |||
Thursday, October 31, 2013
Postcards: Warren Buffett and Charlie Munger's best advice
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment