Charlie Munger says a good investor reads 50 pages a day of challenging material. As automation handles routine work, deep reading becomes the rare skill that separates people who make better decisions from everyone else.
The late Charlie Munger said that the difference between a good investor and a bad investor is 50 pages a day. It has to do with how much reading you do, how much information, how many ideas you're bringing into the conversation, into your decision-making process. People who have more information tend to win, and the difference is, as he puts it, about 50 pages a day. My calling to you is to go study. 50 pages is roughly 1 to 2 hours of reading. How can you be incorporating that into your day? How can we be doing reading that is hard, that is longer form? Not just the news of the day. That's not really what we're talking about. What we're talking about is expanding your mind and exercising your brain in a way that's going to prepare you for being able to make the better decisions that are going to come next. In the world of no-code, low-code, so many things are being made easier for us that we should also be asking, what do we— how do we prepare ourselves for the things that are now hard? That's going to be how we create extraordinary value at 50 Pages a Day.
