June 25, 2008
Notable Quotes #40
Good Wednesday Afternoon!
I don’t know about you, but it’s been an interesting week for me already! I am glad to know that it’s almost half over, but also anxious to see what the second half brings. I attempted to send out the quotes yesterday, but for some reason it just wasn’t working for me. I decided to give it another shot today. We’ll see how things go!
“Have you invested as much this year in your career as in your car?”
Molly Sargent
“Wisdom acquisition is a moral duty. It’s not something you do just to advance in life.
As a corollary to that proposition which is very important, it means that you are hooked for lifetime learning.
And without lifetime learning, you people are not going to do very well.
You are not going to get very far in life based on what you already know.
You’re going to advance in life by what you learn after you leave here.”
Charlie Munger – (Small piece of his commencement address at USC Law School)
I know I have written about education some in the past, but it keeps coming up on almost a daily basis with me. I don’t mean “formal education” as much as real life experience(s). Maybe it’s because I have a 6 month old daughter who has mastered sitting up by herself! Maybe it’s because I am fascinated by the world of stocks, bonds, and options…or maybe it’s because I am struggling through reading Henry David Thoreau’s Walden and Civil Disobiedence. No matter the reasoning, I find that in order to become a better person I need to commit to a lifetime of learning. Not only do I need to do this for myself, but I need to do this for my daughter/family.
I have also realized that the words of Charlie Munger (Warren Buffet’s business partner) ring true. If I rely on what I have learned, I will not make it far. I must constantly look for ways to better myself, make myself or my skills stronger. I don’t want to be at the same place 2 years from now and one way to help that is to be “hooked for lifetime learning”.
In the business world, we cannot sit around and wait for promotions or raises…we must set ourselves apart from the crowd and be noticed. One of the most efficient ways to do that is by obtaining more education. Again, I don’t mean an advanced degree (that could help though!) I simply mean learning all you can about the business that you are in. How does your company make money? (Sales isn’t the only answer!!) What are the market forces that can drive your company’s profit up/down? What are others saying about the industry you’re a part of? Is it growing/declining? What can YOU do to become more valuable? These are the things that will set you apart from the rest of your co-workers and will most likely help lead you where you want to go. Every week you put gas into your car…every 3 months or 3,000 miles you get an oil change…How much have you invested in yourself or in your career?
Until Next Time,
Heath