Understanding

Please, tell me the secret formula on how to get rich, be the best thinker, lose weight, have a happy marriage and solve all my problems quickly. There are no secret formulas or shortcuts and beware of the articulate incompetents and false prophets – they sound impressive and clever but lack substance. I can only refer to what Buffett said in the foreword to Poor Charlie’s Almanack: “From 1733 to 1758, Ben Franklin dispensed useful and timeless advice through Poor Richard's Almanack. Among the virtues extolled were thrift, duty, hard work, and simplicity.” Of course, Munger’s views on how to get worldly wisdom help.

Personally, I read a lot. I have to work things out for myself to understand them. I try to use the “see one, do one, teach one” approach used in medical education (but change it to “do many” and in multiple situations and over time). I often go from reality (something I have seen) to find answers among ideas. I don’t try to fit reality to an idea. And then I try to find more examples on an idea from reality. Finally, I try to explain it to someone else. Writing Seeking Wisdom was such an exercise – I forced myself to learn by teaching someone else. And reading Feynman at an early point helped me where I clearly learnt the difference between knowing the name of something and knowing what goes on since knowledge is only valuable if it’s useful and something is only useful if I understand what it means. What I in my book called meaning and asking, “what happens?”

I try to concentrate on learning practical and consequential things that can help me reduce the chance of sorrow.

-- Interview with Peter Bevelin, author of Seeking Wisdom: From Darwin to Munger