> Warren Buffett Blog: Spending more time thinking allows you to be more successful in the long run

Monday, May 30, 2016

Spending more time thinking allows you to be more successful in the long run

Warren Buffett spends 80% of his time reading in a typical week. Asked for advice on how to get so smart, he held up a sheet of investing related documents and said, “Read 500 pages like this every day. That’s how knowledge builds up, like compound interest.”

“I insist on a lot of time being spent, almost every day, to just sit and think. That is very uncommon in American business. I read and think. So I do more reading and thinking, and make less impulse decisions, than most people in business.”