Avoid Unforced Errors “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 09-25-2023 Simon Ramo, a scientist and statistician has done studies that show in the game of tennis about 80 percent of the points are …
Every Little Bit Helps “You have to wait a while to start seeing serious growth from compounding take meaningful effect.” –James Brumley 09-18-2023 Brumley wrote a nice article for USA Today recently that really shows the power compounding has over time: How to turn modest retirement contributions into a small fortune over time. A couple …
Never Forget “No day shall erase you from the memory of time.” –Virgil 09-11-2023 This is the quote that is emblazoned on the central wall of 9/11 Memorial Museum at the World Trade Center. Here’s a short 5 minute video put out by Prager U as a reminder of what happened on the fateful day: …
Healthier and Wealthier Lives “We should want to make the best-informed decisions about our health while recognizing that outcomes are uncertain. It’s the same with investing.” –David Booth, Founder and Chairman, Dimensional Fund Advisors 08-29-2023 I always find Booth’s articles to be entertaining and very useful for long term investing success. Here’s another short article …
Why So Gloomy? “While the world has changed, our genes have not and our genes are programed for danger.” –Marian Tupy 08-21-2023 Are you ready for a reality check and a dose of truth? Check out this 5 minute video: Why this is the best time to be alive. This is a nice reminder of …
Great Investment Quotes “Good quotations, like good thoughts, are true wealth.” –Benjamin Franklin 08-07-2023 In case you couldn’t tell, I, like Franklin, enjoy a good quote. In fact, according to Franklin himself many of the proverbs and aphorisms found in ‘Poor Richard’s Almanack’ were gleaned from the wisdom found in the dictums and maxims from …
It’s The Way We’re Wired “Our favorite holding period is forever.” –Warren Buffett 07-31-2023 This is one of Buffett’s favorite quotes and it’s used to get investors to focus on the long-term. It’s only human nature to pay attention to short-term results. It’s the way we are wired. However, investment enlightenment can only be achieved …
No Words Necessary “The stock market is a device to transfer money from the impatient to the patient.” –Warren Buffett 07-24-2023 If a picture is worth a thousand words, then this graphic below tells the story better than any other on why we invest for the long-term. No other words are necessary.
Artificial Intelligence The Good and Bad “Success in creating AI (artificial intelligence) would be the biggest event in human history. Unfortunately, it might also be the last, unless we learn how to avoid the risks.” –Stephen Hawking 07-17-2023 When you hear news about artificial intelligence (AI), you might assume it has nothing to do with …
Simple Math Explains Compound Interest “Compound interest is the eighth wonder of the world. He who understands it, earns it; he who doesn’t , pays it.” –Albert Einstein 07-10-2023 Einstein also referred to compound interest as the greatest mathematical discovery. Here’s a simple mathematical formula to show you why. It’s called the rule of 72 …