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There is a big difference between academia and the business world. Academia rewards the individuals who are best able to remember, understand, and apply concepts and information. The business world rewards individuals who understand their strengths and weaknesses and collaborate well with people who are strong where they are weak.

This comes to mind in considering the sad news of Charlie Munger's passing last month. Munger - who graduated Magna Cum Laude from Harvard Law School without a college degree and gave up his law firm to collaborate with Warren Buffett - was ruthlessly self-critical, according to the Wall........

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