#1
Lifelong Learning
"In my whole life, I have known no wise people who didn't read all the time."
The correlation between reading habits and wisdom is the strongest pattern in successful people.
Read Full Analysis →
Charlie Munger📌 Long-Term Investing
Charlie Munger's Long-Term Investing Rules
Charles Thomas Munger (January 1, 1924 – November 28, 2023) was an American businessman, investor, and philanthropist. He served as vice chairman of Berkshire Hathaway and was Warren Buffett's closest partner for over five decades. Munger was renowned for his multidisciplinary approach to investing, advocating for the use of mental models from various fields including psychology, economics, physics, and biology....
4 principles·Long-Term Investing
4 Key Long-Term Investing Principles
#2
Sit on Your Ass Investing
"Sit on your ass investing. You're paying less to brokers, you're listening to less nonsense..."
Doing nothing is the most profitable — and most difficult — strategy in investing.
Read Full Analysis →#3
Long-term Holding
"Our favorite holding period is forever."
The ideal holding period for a great business is forever — trading destroys wealth.
Read Full Analysis →#4
Power of Compounding
"Understanding both the power of compound interest and the difficulty of getting it is the heart and soul of understanding a lot of things."
Understanding compound interest — and the difficulty of achieving it — is key to financial wisdom.
Read Full Analysis →Frequently Asked Questions
What are Charlie Munger's key long-term investing principles?
Charlie Munger has 4 key principles on long-term investing. The most important one is "Lifelong Learning" — In my whole life, I have known no wise people who didn't read all the time.
How does Charlie Munger apply long-term investing in practice?
Charlie Munger applies long-term investing through several key principles including "Lifelong Learning" and "Sit on Your Ass Investing". These principles guide practical investment decisions and have been tested across decades of market cycles.
What makes Charlie Munger's approach to long-term investing unique?
Charlie Munger's approach to long-term investing is distinguished by a focus on long-term thinking and fundamental analysis. With 4 specific principles in this area, Charlie Munger provides a comprehensive framework that investors at any level can study and apply to improve their decision-making.
