It is onerous to imagine that Charlie Munger died two years in the past however with the passing of time, his recommendation stays a few of the greatest stuff ever stated about investing.
Right here is a superb one:
“It is wonderful how clever it’s to spend a while simply sitting. Lots of people are means too lively.”
Alongside the identical strains:
“If we have one factor we are able to do extra of, we’re not taken with something that is not higher than that. That simplifies life an awesome deal.”
The barrage of knowledge in immediately’s world and the low price of buying and selling result in one of many nice investing vices: Over-trading.
And if you wish to return 100 years earlier than Munger, right here is the recommendation from Larry Livermore:
“It was by no means my considering that made the large cash for me. It was my sitting.”
“Bought that? My sitting tight!”
Discover one thing you have got nice conviction in and at value. Purchase it and wait.
