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“We don’t try to match the market. We focus on asset preservation.” Did you catch that? What they mean is: “Our investment returns will be below what you could get from a cheap Vanguard fund.”
Ramit Sethi • I Will Teach You to Be Rich: No Guilt. No Excuses. Just a 6-Week Program That Works (Second Edition)
Seth A. Klarman remarks at MIT
valuehunter.files.wordpress.comValue Investing
Daniel Bakalarz and • 14 cards
- More than I want big returns, I want to be financially unbreakable. And if I’m unbreakable I actually think I’ll get the biggest returns, because I’ll be able to stick around long enough for compounding to work wonders.
Morgan Housel • The Psychology of Money: Timeless lessons on wealth, greed, and happiness
Anti-Aging Tips From Blackjack and Finance Guru Ed Thorp ...
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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
seven easily avoidable mistakes that many investors frequently make. Resisting these temptations is the first step to reaching your financial goals: 1. Swinging for the fences 2. Believing that it’s different this time 3. Falling in love with products 4. Panicking when the market is down 5. Trying to time the market 6. Ignoring valuation 7. Relying
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