1) A quote from Charles Munger:
I have said that in my whole life, I've known no wise person over a broad subject matter area who didn't read all the time--none, zero. Now I know all kinds of shrewd people who by staying within a narrow area can do very well without reading. But investment is a broad area. So if you think you're going to be good at it and not read all the time, you have a different idea than I do.... You'd be amazed at how much Warren [Buffet] reads. You'd be amazed at how much I read.I agree with QuantLogic: I can't think of a single person whose [broad] analytical expertise I admire, who doesn't read constantly. (Note, this doesn't include some special cases of narrow expertise, such as in math or science, which may border on idiot savant capability ;-)
Actually, all other forms of communication suffer from much lower baud rates. Think how little information you get per unit time from even the best broadcast news sources or interviews, relative to reading. Focused discussion with a real expert is the only activity which I find as efficient -- which is one of the reasons I'm still willing to travel to conferences, give seminars at other institutions, and schlep down to the valley :-)
2) The following cartoon, which shows unparalleled insight into organizational behavior :-)
