There are a few paragraphs that I had written but deleted them as this equation seemed simple and sufficient.
This Warren Buffett quote is an apt one here – “I don’t think we’ve (meaning him and Charlie Munger) ever made a decision where either one of us has either said or been thinking: We should buy or sell based on what the market is doing. Or for that matter, what the economy is doing.”
What’s more important?That the market is down 3 percent today?Or that it is up over 1400 percent in the last 20 years?That you found the next hot stock?Or that you .... Read More
In my previous post, I wrote about how most people obsess over how much fuel is enough without ever asking where they are really going.Once that question gets answered, something p .... Read More
When done correctly, investing is one of the few areas in life where you get rewarded for being lazy. By lazy, I don’t mean careless or ignorant. I mean making fe .... Read More
Warren Buffett once said, "Stocks often trade at foolish prices, both high and low. Efficient markets exist only in textbooks."And he couldn’t be more right.Textbooks will tell y .... Read More
When done correctly, investing is one of the few areas in life where you get rewarded for being lazy. By lazy, I don’t mean careless or ignorant. I mean making fe .... Read More
Progress rarely comes in a straight line. It usually comes disguised as a problem.Think about every major innovation in the world. Most were born not out of comfort .... Read More
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