Charles T. Munger is the vice-chairman of Berkshire Hathaway....

In this article Harrison talks about the need for innovation in America in order to stimulate the current economy. You can succeed despite an economic downturn by becoming innovative. In the current economic crisis more jobs will be going abroad. According to Harrison, innovation from abroad is not a bad thing, but workers in America must prepare for this evolving global job marketplace. More jobs are soon to go elsewhere. American economy needs major, widespread and immediate innovation in order to create new jobs. America has always done well when faced with challenges, and Harrison believes that the Americans will rise to the challenge again.

In this article Harrison discusses the importance of adding value to any job. Companies want to surround themselves with people who work hard and are out to give more than they take. Your task in every job is to add as much value as you can to your employer. You need to understand that if you do not add value, you may not have a job. The primary purpose of any business, job, industry, or service is to add value in greater proportion than the cost of what you are hired for. This is what the entire business world is about. In your job, you are selling your skills and your employer is trying to make money from your skills.

In this article Harrison discusses how a very crucial part of your future success and happiness depends on your ability to be free. The concept of freedom is difficult for most people to truly understand because hardly anyone is really free, in the deepest sense of the word. Most people are trapped by their own mental barriers, by obligations to others, by financial constraints, by habits and in many cases by actual physical barriers. Moving towards true freedom is something that will forever change your life and career, and will help you reach your full potential. In order to make the most of your life and career you need to understand the limits that may infringe upon your freedoms–and then decide which ones you can do without. The more freedom we believe we have, and the more we believe we can do, the more we will achieve.

You must establish strong, well-maintained fences around everything in your life, and be aware of who is within them. To maintain fences with friends, for example, maintain constant contact with them and demonstrate interest in your lives; you must maintain fences with employers in a similar manner in order to remain in their good books. Staying within your fences will enable you to do your best in your life and career.

Russell Conwell’s fantastic Acres of Diamonds speech argues that the means for success do not require extensive searching, but are all around us. Opportunity is everywhere if you know where to look. Many times we miss opportunities that are right in front of us because we are looking in the wrong places.

Opportunities present themselves to you everyday, although you may not always see them. Recognize these opportunities, and take advantage of as many of them as possible rather than letting them pass you by. You cannot afford to let individual opportunities slip through your fingers. Visualize the potential opportunities in each meeting, and try never to let one slip by.