The Joys of Compounding

1. loc. 209

   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. —Charlie Munger

2. loc. 224

   Read. A lot. This is how Warren Buffett, one of the most successful people in the business world, describes his typical day: “I just sit in my office and read all day.”2 Sitting. Reading. Thinking.

3. loc. 293

   What many people see as a three-hundred-page book is often the accumulation of thousands of hours and decades of work. Where else can you get the entire life’s work of someone in the space of a few hours?

Every passage I highlighted, up to 1,000 words per book.