Monday, September 03, 2007

Success Secrets: Imitate the Best

Numerous motivational books and speakers, notably Anthony Robbins and Brian Tracy, recommend this seemingly simple technique for success: find out what the successful people in your field do, and then go do it. In a sense, that is why I started this blog in the first place.

One person who has succeeded spectacularly well using this technique, is Mohnish Pabrai, author of The Dhandho Investor: The Low - Risk Value Method to High Returns, and a fabulously successful money manager himself. He credits much of his success to modeling the techniques of superinvestors Warren Buffett and Charlie Munger.

In a unique display of generosity, Mr. Pabrai has also graciously revealed some of his investing secrets, so that the rest of us can model some of his techniques. The links are here and here.
As I have repeatedly stated here in the past, we are in a unique age in which the truly successful, such as Charlie Munger and Mohnish Pabrai, are able to rapidly spread their brilliant techniques to all of us, at lightspeed, and on a global scale.

By the way, the site in which Pabrish was speaking,, is, in itself, an excellent source for modeling successful investor techniques.



Matthew Cornell said...

Learning from highly successful people in my new field is a realization that's recently whacked me on the side of the head (apologies to von Oech), so I truly appreciate your blog and this post in particular. In fact, I've announced a series to interview the top people in my (new) field, with the goal of learning how they got to where they are. Thanks a bunch!

karen said...

Learning from leaders and the best subject matter experts can fast track your success.

Perhaps for some folks, it might be useful for them to be aware that such learning could prove to be a hindrance also. Let me explain, after having learned the processes and procedures, for example, one might get too caught up with doing it the "guru's" way.

If this occurred, and if we are not aware of it happening, we might find our own creativity, and objectivity checked to a certain degree because we learned and wanted to use our "teacher's" way.

It might be good to be mindful of this possibility and continue to learn from good teachers, without forgetting our own power of creativity.

Happiness & Success to All!