Warren Buffett states that if you aren't willing to own a stock for ten years, don't even think about owning it for ten minutes.

Human nature is most concerned with short term loss aversion, not long-term gain seeking. Because we are so short-term oriented, it's an enormou...

It is an important skill to see the world as it is and not as we wish it should be.

None of the risks you take daily are likely to lead to death, but we act as though they would. An accurate understanding of reality is essential for producing good outcomes.

“The future will not be as good as the past but it doesn’t have to be.” This statement from Charlie Munger summed up his thoughts on public markets. Public market in the U.S. will not repeat the success of the late 90s in the 21st century.

Successful investors seem to focus on...

Charlie Munger once commented that "in order to disagree with somebody you must first understand their argument better than they do."

The most common way people lose money is to overestimate how clever they are and how much they know. Even after a fifty-year investing career, both...