Warren Buffett and Mark Cuban agree this one habit is key to
success—and anyone can do it
CNBC.com:
11.15.2017 by Ali Montag
Warren Buffett and Mark Cuban have seen exceptional success.
But neither billionaire credits short cuts for his rise to the upper echelons of the business world. Instead, both men point to investing their time into a simple habit that has helped them outperform competitors: reading.
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"I read more than three hours almost every day," Cuban writes on his blog.
"Most people won't put in the time to get a knowledge advantage," he writes. "To this day, I feel like if I put in enough time consuming all the information available, particularly with the net making it so readily available, I can get an advantage in any technology business."
Buffett also devotes a large portion of his day to reading.
"I still probably spend five or six hours a day reading," Buffett says in HBO's documentary, "Becoming Warren Buffett." "I like to sit and think. I spend a lot of time doing that and sometimes it is pretty unproductive, but I find it enjoyable to think about business or investment problems."
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Buffett typically reads six newspapers each day: The Wall Street Journal, The Financial Times, The New York Times, The USA Today, The Omaha World-Herald and American Banker.
Why it's so important
Cuban recognized the value that sinking time into reading could return early in his career, while building his first technology business, MicroSolutions.
"I remember reading the PC DOS manual (I really did), and being proud that I could figure out how to set up startup menus for my customers," he says on his blog. "I read every book and magazine I could. Heck, $3 for a magazine, $20 for a book. One good idea that led to a customer or solution and it paid for itself many times over." READ MORE >>
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