Study The Failure of Others

In this clip, Warren Buffett and Charlie Munger talk about the importance of being “a student of folly.” They suggest that studying other people’s failures in the financial world was a key component of their success (https://www.youtube.com/watch?v=s7YDsEQtzj8). In 2 Kings 17, Judah was not a student of Israel’s folly. They repeated the same mistakes. As we study the Bible and live in community with other Christians, we would do well to pay attention to the mistakes and consequences others have made and ensure that we don’t repeat those same mistakes.