The Power of Knowledge
January 2nd
Read 500 pages like this every day. That's how knowledge works. It builds up, like compound interest. All of you can do it, but I guarantee not many of you will do it.
The Oracle of Omaha advocates for deep, thoughtful reading as a key component to success. This timeless virtue speaks to the slow and steady accumulation of knowledge in a world addicted to the immediate gratification of bite-sized information.
Knowledge, likened to compound interest, is portrayed not as a mere collection of facts, but rather a process of continuous growth. The true value lies not in a single fact or figure, but in the ongoing accumulation of these elements over time. This process mirrors the growth seen in compound interest, not in the initial investment, but in its potential to multiply exponentially through reinvesting earned interest.
However, this approach requires a rare discipline and consistency. The pathway to success, while open to all, is walked by few. The challenge isn't in the understanding, but in the application - the unwavering commitment to the pursuit of knowledge and wisdom.
In the realm of investment, it isn't a sprint but a marathon. The journey to knowledge and, eventually, wisdom, is a long one but well worth the endurance it demands. The quiet effort of reading, learning, and applying is the cornerstone of a successful investment strategy.
Copyright © 2023 by Scott Sansovich