Dear parents - What Warren Buffett can teach your kids

SUMMARY - Warren Buffett teaches that to succeed in life, one has to make good decisions, and this can only be possible if you constantly correct your thinking.

DETAILS - I came across a comic book which recounts the life of Warren Buffett, from the time he was a young lad distributing newspapers to his falling in love with Susan to his rise as perhaps the greatest investor of all times.

What struck (and disappointed) me was that there was no mention of how he "rewired" his brain after he met Charlie Munger. Yet this is the one event in his life which significantly transformed him.

For example, Charlie Munger shared with him his practice of continually memorizing key principles from a variety of disciplines, and of weaving these principles into a "lattice of mental models."

Another secret of Warren Buffett is that he constantly corrects his thinking. I will talk more later about how he does this.