Everlasting Learning — Munger Monday #41
“The game of life is a game of everlasting learning. At least it is if you want to win.”
👋 CMQ Investors,
Welcome to the 41st edition of Munger Monday. This is a weekly series created exclusively for CMQ Investing subscribers.
📘 Why It Matters: The best investors never stop learning. Munger and Buffett didn't achieve their track records by repeating the same playbook for 60 years. They stayed curious, absorbed new information, and adapted their thinking.
🌍 Real-World Example: In his 80s, Warren Buffett purchased ten million shares of Apple.
He had avoided technology stocks his entire career, famously sitting out Intel, Microsoft, Amazon, and Google.
That investment generated over $120 billion in gains, becoming one of Berkshire’s most profitable positions ever.
Everlasting learning helped Buffett make the greatest public-market tech investment ever.
📅 Apply It This Week: Identify one industry, strategy, or idea you’ve historically dismissed. Spend one focused hour this week learning about it with fresh eyes.
📝 Franco’s Notes:
Continuous learning gives you a competitive advantage.
Apple eventually grew to more than 50% of the Berkshire Hathaway stock portfolio.
Munger said this in 2001: “I’ve watched Warren for a long time now, and I would say he’s actually getting better as he gets older. Not at golf or many other activities. But as an investor, he’s better which I think is remarkable.”
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