CHARLIE MUNGER

There are a few things to remember before investing in stocks:

• First, it's important to have a clear understanding of what you're buying. Make sure you know the company's financial situation and what the stock is worth.
• Second, don't invest too much money in one stock. It's imp...

1. Money is not just a tool for buying things, it also shapes our emotions & attitudes in ways that can be both positive and negative.
2. The way we think about money is often irrational & influenced by emotions, which can lead to poor financial decisions.
3. The role of luck in finan...

At some point, you've acquired enough wealth so that you're only moving around your resources. You will generate value and cash by selling one stock and buying another, or selling land and buying a cash-generating asset.

Successful investors put their wealth to work so that it will not onl...