I think a life properly lived is just learn, learn, learn all the time. - Charlie Munger

He also had a very interesting competitive strategy in the early days. He was like a prizefighter who wanted a great record so he could be in the finals and make a big TV hit. So what did he do? He went out and fought 42 palookas. Right? And the result was knockout, knockout, knockout — 42 times.

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 that help, particularly when you have a long run ahead of you.

If, in your thinking, you rely entirely on others — often through purchase of professional advice — whenever outside a small territory of your own, you will suffer much calamity.