3min chapter

We Study Billionaires - The Investor’s Podcast Network cover image

TIP534: The Joys of Compounding by Gautam Baid

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

How to Be a Leader

The deeper one dives into any field, the more humble one generally becomes. By demonstrating intellectual humility and acknowledging what we don't know, we place ourselves in a beneficial position to learn more. Charlie Munger stated that he upgraded his life by associating with people he regarded as better than him. He had to set his ego aside and have the humility to not be at the top of the ladder. We can't ever be fully sure of something, so be skeptical about anything that's a quote unquote sure bet.

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