ArjunGaur @ArjunGaur: "How To Read 'In my whole..."

United Kingdom

How To Read 'In my whole life, I have known no wise people who didn’t read all the time,' says Charlie Munger. 'None. Zero.' More people understand this concept than follow through on it. That’s mostly because of time constraints. But deep reading is hard even for those with free time. Reading is a skill most of us stop practicing around 4th grade. But what you read, where you read, how you read it, and how you take extract value from what you read is a serious skill that requires honing throughout your life. Here are a few of examples on how to read. 1. Josh Brown 'I try to read as much as possible but these days, I’m down to maybe 10 books a year. I have two kids under 10 and I can’t lie down on a couch with a book knowing that they’re growing up so fast in the room next door. I’ve resolved to get over the fact that I have to read less books during these years, and I’ll pick it back up to where I was in my 20’s as soon as they’re sick of me. As far as material, I like anything historical - literature, biographies, novels. I stopped reading so many financial books because I feel like there isn’t that much more to be said about fear and greed that hasn’t already been written. I don’t do the note taking thing anymore, although I will highlight sections on my kindle. I never remember to go back to them. I’m just trying to enjoy what I read now, it’s okay if I don’t retain every detail. Not sure you’re meant to.' 2. Ben Carlson 'My sources for finding reading material are usually referrals from friends, colleagues, bloggers, suggestions from my blog readers and Twitter. I have a ton of favourite authors I read consistently (mostly fiction), but I find my non-fiction book ideas tend to come from a wide range of sources. A lot of time they come from current books or articles I’m reading in the source material. I have trouble keeping my attention on a single book so I’m usually reading 4-5 books at a time. I find this helps me digest the ideas incrementally. I read books at night because (a) I’m a night owl and (b) I have a child, so it’s easier for me to find time to read in the evening. It’s definitely part of my routine. My reading is now 90% or so on a Kindle Paperwhite because it’s so much easier to highlight passages and find all of my highlights in one place to review. Finally, I find the best way to figure out what I’ve learned from a book is to write something about it.' 3. Brent Beshore 'I get 95% of my reading materials through referrals and 5% through Twitter/Nuzzel discovery. I buy physical books and print out important papers, then take notes by hand. After completing the book, I type up the notes I want to keep into a document and file it away. I use those notes to review key concepts. As for the actual reading technique, it depends on the confidence I have in the recommendation. If it’s high-confidence, I’ll read more slowly, at least until I get bored. If I’m not getting much value from it, I’ll pick up the pace and go into skim-mode. I also start in skim-mode on low-confidence recommendations. If I find the material deeply impactful, I’ll usually re-read it again almost immediately.' 4. Michael Batnick 'I didn’t get into reading until I was in my mid-twenties, which explains a lot of why I tend to overdo it- I’m catching up for lost time. Learning is like fuel for the brain and books are my oxygen mask. I get ideas from book stores, Amazon, Twitter, Patrick’s book club, and from what I see people reading on the train. 90% of my reading is done on the subway and at home. I don’t write much in the margins (I underline), but I always read with a pen (I use it like a marker). The first book of my adult years that showed me reading could be enjoyable was The Pelican Brief. I was in an airport on my way to Mexico and figured I would have a lot of down time (I loved it, not sure why it’s still the only Grisham book I’ve ever read.)' 5. Conclusion I choose my books either by Amazon recommendations or recommendations from friends. I read on the subway or in the afternoons on the weekend if I’m lucky!! Also, I do audio version at night before bed. I rarely take notes. When I do, I underline and write in the margins :) What you could do to Invest like you Read - Simple - Rather than betting Short Term on that extra special fail-proof business over and over again, how about getting creative and finding other Long Term Opportunities like $MWA (Mueller Water Products Inc) $SKYW (SkyWest Inc) $SXI (Standex International Corporation) $VSTO (Vista Outdoor Inc.) and $IMKTA (Ingles Markets Incorporated) www.teachthought.com/wp-content/uploads/2013/05/graphic-notes-2.jpg I welcome you all to look at my Portfolio and add it to your Watchlist >> I look forward to growing with all of you : )

5 Mentioned

MWA

Mueller Water Products Inc

SKYW

SkyWest Inc

SXI

Standex International Corporation

VSTO

Vista Outdoor Inc.

IMKTA

Ingles Markets Incorporated