Tag Archives: charlie munger

If you don’t have a mentor, find one.

Remember that your present self is the result of every thought you’ve thought and every decision you’ve made throughout your life so far. Your best thinking has got you to where you are now.
If you’re not totally happy with where you are now, it means that your own thinking has failed you to some extent.

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By finding a mentor and picking their brain, you can access the strategies that will take you to where you want to be.

Remember that your present self is the result of every thought you’ve thought and every decision you’ve made throughout your life so far. Your best thinking has got you to where you are now.

If you’re not totally happy with where you are now, it means that your own thinking has failed you to some extent. By finding a mentor and picking their brain, you can access the strategies that will take you to where you want to be.

In this video, filmed at the Platinum Mastermind in Kota Kinabalu, Malaysia, Nik Halik suggests the 2 most important questions to ask of your mentor.

WHAT TO ASK YOUR MENTORS

Don’t ask your mentor, “How did you make your money?” That’s what everyone wants to ask, but it’s not going to help you as much as you might think. It rarely means you can simply replicate the same actions and get the same results as them.

Instead, ask them these two questions:

1. What were your failures?
2. What would you do differently?

These questions will uncover the opportunities that you can capitalize on. If you wanted to, you could even interview a collection of different mentors, ask them these questions and sell it as an information product.

BOB PROCTOR ON MENTORS

You will be hard-pressed to find any wealthy person who does not credit their success to having good mentors.

Bob Proctor believes the course of his whole life changed dramatically because he had the right mentors. He describes mentorship as a “direct pipeline from their mind to yours,” and a way to access all of their wisdom, experience and studying in a short period of time.

Why reinvent the wheel and learn those lessons through making your own mistakes, when you can learn from someone else’s mistakes a lot faster?

WARREN BUFFETT ON MENTORS

Warren Buffett, one of the richest people on the planet, believes he is fortunate to have had some great mentors in life.

He names his early mentor Ben Graham, his business partner Charlie Munger and even his board of directors as some of his most valuable business and investing influences.

Select people who have the qualities you admire. Study them and speak with them, and have the belief that you can develop the same qualities for yourself.