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.”
Can you guess what the 5 secrets are?Hint: These have nothing to do with selection of products/markets/assets, or timing (getting in and out).Joe John Duran, CFA in his book “The ....Read More
Label your Emotions – Wrote about this last weekPre-Commit to an Action – Refer to Ulyssesan Contract PostCreate a Gap Between Stimulus and Response. Holocaust Survivor, Neurol ....Read More
Dan Gilbert said these brilliant words - "Human beings are works in progress that mistakenly think they're finished." You are not the same person you were ten years ago.Your prefe ....Read More
Morgan Housel writes “The highest form of wealth is the ability to wake up every morning and say, “I can do whatever I want today.”What is your money doing for you? What is i ....Read More
The 26 word Retirement Plan of most people is the following :I want to have no Liability, sufficient Liquidity, enough to maintain my Lifestyle for as Long as I live and Leave mone ....Read More
One of the root causes of problems in investing (as well as in life) is an inability to understand the difference between Enough and More.I want more money. This forces people to m ....Read More
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