“It is remarkable how much long-term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be very intelligent.” - Charlie Munger, Berkshire Hathaway
Please enjoy our most popular posts from 2019. We will return to our usual blogging schedule next week. Happy Holidays!
"Despite human nature to complicate things, the path for building wealth for young people is simple. Start early, save, and live within your means."
"Your portfolio should reflect how you feel about risk all the time. Your appetite for risk should not ebb and flow with what's going on in financial markets."
"A successful investment program should be hyper-focused on the few things we can control: investment costs, financial planning process, behavior and tax-efficiency. "
"Large financial institutions, big banks, mega brokers, publicly traded investment managers, year after year, are by far the most fined corporations on the planet. They have a proven track record of taking advantage of their customers."
"Markets make all-time highs again and again. It's not a reason to make drastic allocation decisions like shifting to 100% cash or waiting for the market to crash. Find a portfolio that mirrors the way you feel about risk. You're more likely to stick to the strategy when things get difficult."