How One Life Hack From A Self-Made Billionaire Leads To Exceptional Success - Forbes
Michael Simmons stashed this in Expert-Generalist
Countless books and articles have been written about Warren Buffett. Surprisingly few have been written about his business partner of over 40 years, Charlie Munger.
Munger has stayed out of the public eye, giving only a small number public talks, and he’s rarely been covered in the media. At Berkshire Hathaway’s annual shareholder’s meetings, he lets Buffett answer the questions, often times commenting, “I have nothing to add.”
Recently, I decided to learn more about Munger’s 70-year career, and I’ve been blown away. His model for success, backed by research, is simple and game-changing. It flies in the face of conventional wisdom on career success.
If I understand this correctly, the goal is to be good at many things and great at something in particular?
I took it as learning in lots of different areas and applying those learnings to one areaINSTEAD OFLearning in just one area and applying that learning to just one area
Put another way: Go wide in our learning, and apply that deeply to something.
As opposed to the 10,000 Hours theory that says to go deep in our learning and then apply that.
Happily, Michael! Thank you for posting this article.
Great article - thanks for sharing. Very encouraging for those of us who get bored quickly - curiosity pays off!
I think you're right that curiosity pays off, Dan!
Well let's not conflate:
1) there's mastery of a thing itself, whether playing piano or writing code, and being able to have intention in producing a desired outcome because of your earned expertise;
...and then, there's
2) social value in doing something at any level of performance, by simply being of use to others
These are not the same accomplishments, even if we presuppose that masters are always socially valued and compensated for their mastery (not always true).
So success in relative standing (wealth, status, etc.) to others can be achieved and driven by many things, including artful exposition of deep mastery in one domain, as well as oafish and simple vulgar acts for pecuniary compensation across many.
Best perhaps to read Munger directly on his views of the 25 common obstructions to success as well:
Great point Rob on the difference between having mastery and that mastery:
1. Being communicated well to others.2. Being valued by others.