🏰 5 insightful things you wish you knew about the stock market earlier.
1️⃣ How to deal with market downturns.
In 2009, Berkshire Hathaway was down 50%. A reporter asked Charlie Munger whether he was worried about this. His response:
1️⃣ How to deal with market downturns.
In 2009, Berkshire Hathaway was down 50%. A reporter asked Charlie Munger whether he was worried about this. His response:
2️⃣ Compounding can be beautiful.
When you become 1% better every day, you will become a learning machine. The same is applicable in the stock market. Most people overestimate what they can do in a year and underestimate what they can do in a decade.
When you become 1% better every day, you will become a learning machine. The same is applicable in the stock market. Most people overestimate what they can do in a year and underestimate what they can do in a decade.
3️⃣ Do you want to become rich in the stock market? The big money is not in the buying and the selling, but in the waiting.
"Investing is where you find a few great companies and then sit on your ass" - Charlie Munger
"Investing is where you find a few great companies and then sit on your ass" - Charlie Munger
4️⃣ Read as much as you can
Do you know what J.K. Rowling, Jeff Bezos and Warren Buffett have in common? They became billionaires thanks to writing, selling, and reading books.
Reading is crucial to become the best possible version of yourself.
Do you know what J.K. Rowling, Jeff Bezos and Warren Buffett have in common? They became billionaires thanks to writing, selling, and reading books.
Reading is crucial to become the best possible version of yourself.
5️⃣ Example of a quality company
Pool Corporation ($POOL) is trading at it's cheapest valuation since 2010. Great company with great capital allocation:
Pool Corporation ($POOL) is trading at it's cheapest valuation since 2010. Great company with great capital allocation:
That's a wrap!
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