This gem by Shane Parrish really resonated with me — WTF? I just spent $1,207.40 on Books?

While books can be expensive, ignorance is costlier.

This is why books are necessary. Charlie Munger loved to quote a line from an old machine tool ad: “The man who needs a new machine tool and hasn’t purchased it yet is already paying for it.” You’re already paying for the knowledge you need but don’t have yet.


Reading articles and blogs is like seeing only the tip of the iceberg, you don’t see the mass below the surface.


Reading is not only the key to improving your lot in life, but it’s necessary if you want to develop insights, ideas, and understanding . . .