Start Young -- Read a lot

Warren Buffet purchased his first stock when was 11 years old.

By then, he read every book available in the local library on investing.

Warren Buffet says (Paraphrased):

Start young in any field where your interest lies.

Read.

Read everything in view in that field.

You start young and you read a lot.

You are going to do very well.

Charlie Munger says (Paraphrased):

You will learn economics better if you make Adam Smith your friend. 

It sounds funny, making friends with eminent dead.

 If you go through life making friends with eminent dead who had the right ideas, it will work better for you in life. Will work better in your education.

Study autobiographies and biographies.

Warren Buffet also says (Paraphrased):

By far the best investment you can make is in yourself.

Build your own moat around yourself. 

Meaning, Improve your self in a way that can differentiate you from your peers.

Warren Buffet on Accounting:

Get comfortable with accounting.

 It's the language of the business.

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To become wealthy you must understand the language of business.

Start early.

Get your loved ones start early as well.

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