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There are very few Level 5 investors, but Warren Buffet is certainly among them. Buffett has steadily increased his public presence over the last several decades and he was even more present in the media than usual during the 2008 financial crisis. He regularly went on CNBC and Charlie Rose to try to calm market participants and encourage Congress ... See more

Buffett’s fortune isn’t due to just being a good investor, but being a good investor since he was literally a child. As I write this Warren Buffett’s net worth is $84.5 billion. Of that, $84.2 billion was accumulated after his 50th birthday. $81.5 billion came after he qualified for Social Security, in his mid-60s.

Morgan Housel • The Psychology of Money: Timeless lessons on wealth, greed, and happiness

But say you want to earn an 11% annual return over the next 30 years so you can retire in peace. Does this reward come free? Of course not. The world is never that nice. There’s a price tag, a bill that must be paid. In this case it’s a never-ending taunt from the market, which gives big returns and takes them away just as fast.

Morgan Housel • The Psychology of Money: Timeless lessons on wealth, greed, and happiness

Benjamin Graham, one of Warren Buffett’s mentors, was a big advocate of book value and…

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Pat Dorsey • The Five Rules for Successful Stock Investing: Morningstar's Guide to Building Wealth and Winning in the Market

Only after CZ turned him down did Sam decide to create an exchange himself. The idea was simple: the first crypto futures exchange that was well enough designed that it would serve the needs not just of crypto people but also of big professional traders, like Jane Street. Still, Sam was deeply uneasy about it. “We were going to build a product that

Michael Lewis • Going Infinite: The Rise and Fall of a New Tycoon

The Big Secret for the Small Investor: A New Route to Long-Term Investment Success

Joel Greenblatt

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Cover of The Big Secret for the Small Investor: A New Route to Long-Term Investment Success

pioneer of modern portfolio theory