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JULY 2023 I SMT007 MAGAZINE 15 Charlie Munger's Advice • Patience can be learned. Having a long attention span and the ability to concentrate on one thing for a long time is a huge advantage. • You can learn a lot from dead people. Read of the deceased you admire and detest. • ere is no such thing as a 100% sure thing when investing. us, the use of leverage is dangerous. A string of wonderful numbers times zero will always equal zero. Don't count on getting rich twice. • You have to keep learning if you want to become a great investor. When the world changes, you must change. • Read, continuously learn, and acquire knowledge. Warren Buffett's Advice • Investing in yourself is the best investment. • Watch the movie "Turn Every Page." • Find a very smart, high-grade partner, preferably slightly older than you, and then listen very carefully to what they say. "I never have a phone call with Charlie Munger without learning something. And, while he makes me think, he also makes me laugh." Extraordinary Partnership It is such a blessed partnership; they can "compound" each other's intellect, knowl- edge, and wisdom. It creates unbeatable power and is immensely enviable. Final Thoughts • Buffett indicated that it is important that Berkshire Hathaway is regarded as a national asset, not liability. • At Berkshire Hathaway, there is no finish line. • All in all, Buffett and Munger said they have no complaints. Conclusion e secret sauce to attract overwhelming attendance is not monetary investment per se, rather it is a successful healthy life. Nothing can be better than one's own personal experience. In conclusion, I came, I saw, I learned. SMT007 References 1. Warren Buffett 2023 Annual Letter to Share- holders. Appearances As a part of the IPC Engineering Education Webi- nar Series, Dr. Hwang will present "Top Electronics Manufacturing Issues—Causes, Solutions & Preven- tion," July 11, 13, 18 and 20; and "Electronics Reliabil- ity for Harsh Environments," Nov. 7–9. Dr. Jennie S. Hwang—an interna- tional businesswoman and speaker and a business and technology advi- sor—is a pioneer and long-standing leader to SMT manufacturing since its inception as well as to the devel- opment and implementation of lead-free electron- ics technology. Among her many awards and honors, she was inducted to the International Hall of Fame– Women in Technology, elected to the National Acad- emy of Engineering, named an R&D Star to Watch, and received a YWCA Achievement Award. Having held senior executive positions with Lockheed Martin Corp., Sherwin Williams Co., and SCM Corp., she was the CEO of International Electronic Materials Corp. and is currently CEO of H-Technologies Group, pro- viding business, technology, and manufacturing solu- tions. She has served on the board of Fortune-500 NYSE companies and civic and university boards; the Commerce Department's Export Council; the National Materials and Manufacturing Board; the NIST Assessment Board; as the chairman of the Assess- ment Board of DoD Army Research Laboratory and the chairman of the Assessment Board of Army Engi- neering Centers; and various national panels/commit- tees and international leadership positions. She is the author of 600+ publications and several books and is a speaker and author on trade, business, educa- tion, and social issues. Her formal education includes four academic degrees, as well as the Harvard Busi- ness School Executive Program and Columbia Univer- sity Corporate Governance Program. For more infor- mation, visit JennieHwang.com. To read past columns, click here.