As in any discipline, if you want to be a good investor, you must learn from the best. And this is impossible if you don't have a correct mindset. To find it we will help ourselves from Calvin and Hobbes. They will accompany us in a more than likely series of articles in which we will try to break down some of the characteristics that a person must have or acquire if they want to become a “smart investor”.
In this article, Charlie Munger said
"If you want to be smart, the question you have to keep asking is' why, why, why, why?"
Munger says he has not met anyone wise who does not read continuously. This is especially true in the investment field. Good investors read incessantly, perceive learning as fascinating. This is precisely the power of compound interest. This allegory explains how small actions carried out over time can lead to big results.
This is the secret of how investors like Charlie Munger or Warren Buffett have become what they are. This shows the importance of acquiring one of the habits that can make the most difference in the life of a human being, that of learning.
In an interview he gave for his biography The Snowball, Buffett told this story:
“When Charlie was a young lawyer he must have been making probably about $ 20 an hour. Then he thought, who is my most valuable customer? And he decided it was himself, so he decided to sell himself an hour a day. He did it very early in the morning. Everyone should do this, be your own client and then work for other people as well, but sell yourself one hour a day. "
If for a period of time, as Munger advises, you set yourself the task of going to bed a little smarter than when you woke up, you will notice a huge difference in your life. And remember, thanks to the internet we can educate ourselves about anything at any time. You have no excuses. If you want to learn models of thought go here, etc. In addition, learning through books is now more accessible than ever thanks to Amazon and its Kindle.
So stop procrastinating and start today, as once habits are formed, they are encoded in our brain forever. As Buffett stated:
"The chains of habit are too light to be felt until they are too heavy to be broken."