By Investment Master Class

“Live as if you were to die tomorrow but learn as if you were to live forever”  Mahatma Gandhi

“An investment in knowledge pays the best interest”  Benjamin Franklin

After A Tough Year, Odey Asset Management Finishes 2021 On A High

For much of the past decade, Crispin Odey has been waiting for inflation to rear its ugly head. The fund manager has been positioned to take advantage of rising prices in his flagship hedge fund, the Odey European Fund, and has been trying to warn his investors about the risks of inflation through his annual Read More

“The turtles who outrun the hares are learning machines”  Charlie Munger

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Learning is a lifetime endeavour. Upon graduation you need to keep studying and keep reading. Look for patterns because you’re going to be building this mental database, a framework of your experience that you’ll be able to rely upon to help guide your decision making” Jim Brilliant

“In investing, all knowledge is cumulative” Monhish Pabrai

“This business requires constant learning, even sometimes abandoning precepts about industries and geographies that no longer apply. If you’re not willing or able to do that, I think the environment ahead means you’re in for a very tough time.” John Burbank

"If you really want to learn how to hit a baseball, don't start by asking a rookie.  In fact, avoid a rookie even if you have no alternative.  Bad advice is worse than no advice at all.  On the practical side, unlike any others to follow, Buffett doesn't sell advice but rather takes his own, for which he is in every sense accountable" Frank Martin

“The beauty of this business is that you can always be learning – from the markets and from each other.” Larry Robbins

“Even Ben Graham had a lot to learn as an investor.” Charlie Munger

“I still learn something new every day, which is why I like my job so much” Daniel Kruger

"Warren Buffet is a learning machine" Charlie Munger

"Go to places where you can learn.  You can learn from every experience, but just provide yourself with the best opportunities to work with people who you think are smart and who you respect"  Barry Rosenstein

"If a week goes by that I haven't learned something new, then that is really a wasted week. Sometimes, I'll discover another way of evaluating a particular stock or hear about a decision by a management team that could be interesting" Lee Ainslie

“I'm not Warren Buffett and neither are you. You have to think for yourself, be original, use your particular talents and learn." Lisa Rapuano

“The game of life is the game of everlasting learning. At least it is if you want to win.”  Charlie Munger

"The markets are a classroom where lessons are taught everyday. The keys to investment success lie in observing and learning" Howard Marks

“Every day provides tactile learning experiences” Ray Dalio

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"I always try to learn something new from every investment conversation I have" Peter Lynch

“Those who keep learning, will keep rising in life” Charlie Munger

“The secret to being successful from a trading perspective is to have an indefatigable and an undying and unquenchable thirst for information and knowledge.”  Paul Tudor Jones

“To be a successful investor learning is essential.” Irving Kahn

“I learn from every experience. When you get your fingers mashed in the door, you don’t go back to the door” Boone Pickens

"Start by learning from the best - listening, studying and reading" Li Lu

"People who are curious are going to be better investors and better stewards of others’ money" Henry Kravis

"One thing nice about the investment business is that, even though I am 68, I continue to learn.  You learn something every month and every quarter" Leon Cooperman

"We never stop learning about businesses. School is in session every day but exams tend to come in a cluster, which brings to mind a Bill Parcells quote: “This is what you work all season for. This is why you lift all them weights.” Similar preparation allows us to be ready when the inevitable opportunities present themselves." Steven Romick

"If life ever ceased to be an educational experience, I probably wouldn’t get out of bed." Paul Tudor Jones

"I'd stop living if I didn't have the opportunity to learn something every day" Roy Neuberger

"Nothing has served me better in my long life than continuous learning" Charlie Munger

"I never stop learning from those who never stop teaching.  It's no more the application of common sense: If I wanted to learn how to hit baseballs, I'd buy a copy of Ted Williams' The Science of Hitting long before I picked up a bat"  Frank Martin

"You should learn a bit more every cycle - if you don't your business isn't vibrant" Jeffrey Ubben

"The only one thing one can do is to try to be what Munger would call a "continuous learning machine"  You try to keep learning to find evidence that shows your accepted practices could be better or different" Mohnish Pabrai

“I have always wanted to improve what I do, even if it reduces my income in any given year. And I always set aside time so I can play my own self-amusement and improvement game.”  Charlie Munger

"George and I, every day, try to get better—we try to make ourselves better and try to make this firm better. You build your reputation a brick at a time." Henry Kravis

“There is an optionality that people don’t understand.  Optionality means to pursue things you are interested in because the optionality is really high.  You need to pay some premium, time, expense to learn.  Often getting to the right place is not saying I know its going to happen, its saying this looks like a place I should be going towards”  John Burbank

"I constantly see people rise in life who are not the smartest, sometimes not even the most diligent, but they are learning machines. They go to bed every night a little wiser than they were when they got up and boy does that help, particularly when you have a long run ahead of you.…so if civilization can progress only with an advanced method of invention, you can progress only when you learn the method of learning." Charlie Munger

Get The Full Warren Buffett Series in PDF

Get the entire 10-part series on Warren Buffett in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues

"If I am correct in the premise that speculation is a business in itself, those engaging in that business should determine to learn and understand it to the best of their ability with informative data available.  In the forty years I have devoted to making speculation a successful business venture, I have discovered and still am discovering new rules that apply to that business" Jesse Livermore


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