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Todd Combs: Meeting Munger, Buffett and Joining Berkshire

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May 3, 2023
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ANECDOTE

The Columbia Moment That Changed His Reading Habit

  • Todd Combs first heard Warren Buffett say “I read” and that inspired him to read extensively every day.
  • That moment became an epiphany that changed his learning habits and trajectory toward value investing.
ADVICE

Practice Actively, Not Passively

  • Do active practice instead of passive repetition to accelerate learning and reduce mistakes.
  • Create tight feedback loops so each iteration improves faster than just putting in hours passively.
ANECDOTE

The Cold Call That Led To Charlie Munger

  • Todd cold-called Charlie Munger, got vetted by his assistant, and met him for a six-hour conversation at the California Club.
  • That marathon session began a long relationship that eventually led to meetings with Buffett and a job offer at Berkshire.
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